Crude oil price achieves the positive target – Analysis - 21-06-2019

Crude oil price succeeded to touch our main waited target at 57.33, noticing that the price begins today with slight bearish bias affected by stochastic negativity, and it might show some temporary bearish correction before resuming the bullish bias.

The main bullish trend still suggested for the upcoming period, and breaching 57.33 is required to confirm rallying towards 59.70 followed by 60.86 levels on the near term basis, noting that breaking 56.30 will press on the price to continue the decline and test areas that might reach 54.47 before any new attempt to rise.

The expected trading range for today is between 55.50 support and 59.00 resistance.

The expected trend for today: Bullish