Crude oil price breaches the resistance – Analysis - 17-02-2020
Economies.com
2020-02-17 05:40AM UTC
Crude oil price settled above 51.80 level, moving within intraday bullish channel that supports the chances of achieving more gains in the upcoming sessions, making the bullish trend suggested for today, expecting to target 54.60 level before attempting to resume the main bearish trend again.
On the other hand, we should note that breaking 51.80 and holding below it will stop the suggested rise and press on the price to turn to decline.
The expected trading range for today is between 51.00 support and 54.00 resistance.
The expected trend for today: Bullish
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