Crude oil price breaches the resistance – Analysis - 18-11-2019
Economies.com
2019-11-18 05:50AM UTC
Crude oil price traded with clear positivity in the recent sessions to breach 57.40 and close the daily candlestick above it, which opens the way to continue rising inside the bullish channel that appears on the chart, on its way to achieve positive targets that begin at 59.00 followed by 60.90.
Therefore, the bullish trend will be expected for today, noting that breaking 57.40 and holding below it again will put the price under negative pressure that its targets begin by testing 55.75.
The expected trading range for today is between 57.00 support and 59.50 resistance.
The expected trend for today: Bullish
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