Crude oil price begins positively – Analysis - 20-05-2019

Crude oil price opens today’s trading with clear positivity after approaching from 62.40 level in the last sessions, keeping the bullish trend active on the intraday and short term basis, pointing that breaching 63.85 will ease the price mission to keep rising, noticing that stochastic approaches from breaching the mentioned level.

Therefore, we wait for more of the bullish bias moves in the upcoming sessions, conditioned by holding above 62.40, pointing that we are waiting for visiting 65.00 then 66.60 levels mainly.

The expected trading range for today is between 62.40 support and 65.00 resistance.

The expected trend for today: Bullish