Crude oil price achieves strong gains – Analysis - 24-10-2019
Economies.com
2019-10-24 04:46AM UTC
Crude oil price achieved strong rise yesterday and settled above 54.60 level, to turn the intraday track upwards, completing double bottom pattern that reinforces the chances of visiting 57.40 level that represents the next positive target.
Therefore, the bullish trend will be suggested for today supported by moving above the EMA50, taking into consideration that breaking 54.60 and holding below it again will reactivate the bearish trend scenario that its first main target located at 51.80.
The expected trading range for today is between 54.50 support and 57.40 resistance.
The expected trend for today: Bullish
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