Crude oil price achieves new gains – Analysis - 18-02-2021

2021-02-18 05:08:34 GMT (Economies.com)
 

Crude oil price traded with strong positivity yesterday, and it touched 62.00$ barrier by today’s open, which supports the continuation of the main bullish trend scenario, organized inside the bullish channels that appear on the chart, waiting for more rise that its next main target located at 63.35.

 

Therefore, we expect witnessing more bullish bias in the upcoming sessions supported by the EMA50, noting that holding above 59.75 is important to achieve the waited targets.

 

The expected trading range for today is between 60.50 support and 63.35 resistance.

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.2011
-0.0015
0.1272%
1.3856
-0.0097
0.6966%
Tadawul
10127.90
18.31
0.18%
26.157
0.366
1.419%
61.610
-1.568
2.482%
65.42
0.11
0.17%
1780.930
9.480
0.535%
 
 
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