Crude oil price achieves strong gains – Analysis - 05-03-2021
Economies.com
2021-03-05 05:18AM UTC
Crude oil price settles above the recently recorded top at 63.79 after the strong bullish rally that it witnessed yesterday, reinforcing the chances of continuing the main bullish trend, which its next targets located at 65.63 and extend to 67.00.
The EMA50 keeps carrying the price from below to support the expectations of achieving more gains in the upcoming period, taking into consideration that breaking 63.79 might press on the price to achieve temporary bearish correction before turning back to rise again.
The expected trading range for today is between 63.00 support and 66.00 resistance.
The expected trend for today: Bullish
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