Crude oil price attempts to breach – Analysis - 01-09-2021
Economies.com
2021-09-01 04:32AM UTC
Crude oil price resumes its positive trades to test 69.25 level again, motivated by the positive overlapping signal provided by stochastic, getting continuous support by the EMA50, to reinforce the chances of surpassing the mentioned level and confirm extending the bullish wave towards 71.05.
Therefore, our bullish overview will remain valid and active on the intraday and short term basis conditioned by the price stability above 67.45.
The expected trading range for today is between 67.70 support and 71.00 resistance.
The expected trend for today: Bullish
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