Crude oil price continues to rise – Analysis - 03-04-2019
Economies.com
2019-04-03 04:21AM UTC
Crude oil price shows more rise to approach 63.00$ barrier, to continue moving inside the bullish channel that appears on the chart, motivated by the previously completed inverted head and shoulders’ pattern, reminding you that our next main target is located at 64.90.
Therefore, we will continue to suggest the bullish trend in the upcoming sessions supported by the EMA50, noting that breaking 61.75 might press on the price to start intraday bearish correction that targets testing 60.00 and might extend to 59.30 areas before any new attempt to rise.
The expected trading range for today is between 61.75 support and 64.90 resistance.
The expected trend for today: Bullish
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