Crude oil price achieves more gains – Analysis - 08-04-2019
Economies.com
2019-04-08 04:07AM UTC
Crude oil price rallied upwards clearly after confirming the completion of the bullish flag pattern mentioned in our recent reports to settle above 63.00$ barrier now, reinforcing the expectations of continuing the rise on the intraday and short term basis, on its way to touch our main waited target at 64.90.
The EMA50 keeps supporting the suggested bullish wave, organized inside the bullish channel that appears on the chart, noting that breaking 62.50 might press on the price to decline towards 60.20 areas before any new attempt to rise.
The expected trading range for today is between 62.50 support and 65.40 resistance.
The expected trend for today: Bullish
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