Crude oil price achieves strong gains – Analysis - 05-12-2019
Economies.com
2019-12-05 05:42AM UTC
Crude oil price settled above 57.40 level after the strong rise that it witnessed yesterday, confirming heading towards achieving more expected gains in the upcoming period, expecting to head towards 60.90 areas mainly.
Therefore, the bullish bias will be expected for today, as the price moves inside the bullish channel that appears on the chart, taking into consideration that breaking 57.40 and holding below it will put the price under the correctional bearish pressure again.
The expected trading range for today is between 57.00 support and 60.00 resistance.
The expected trend for today: Bullish
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