Crude oil price crawls upwards – Analysis - 15-10-2021
Economies.com
2021-10-15 04:12AM UTC
Crude oil price shows more bullish bias to approach 82.00$ barrier, getting continuous positive support by the EMA50, which supports the chances of achieving more gains in the upcoming sessions, noting that our next target rises to 83.00.
Therefore, the bullish trend will remain dominant on the intraday and short term basis, taking into consideration that breaking 80.80 might press on the price to target the bullish channel’s support line around 77.60 before any new attempt to rise.
The expected trading range for today is between 80.50 support and 83.50 resistance.
The expected trend for today: Bullish
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