Crude oil price achieves more gains – Analysis - 25-11-2020
Economies.com
2020-11-25 05:37AM UTC
Crude oil price rallied upwards clearly yesterday to approach 46.00 areas, reinforcing the expectations of continuing the bullish trend on the longer term basis, as it moves inside bullish channel that has targets that reach 48.60, to keep bullish bias suggested in the upcoming sessions.
The EMA50 continues to carry the price from below to support the expectations of achieving more gains, taking into consideration that holding above 43.75 represents key condition to continue the expected rise.
The expected trading range for today is between 43.75 support and 47.00 resistance.
The expected trend for today: Bullish
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