Crude oil price crawls upwards – Analysis - 16-04-2021

Economies.com
2021-04-16 01:12AM UTC

Crude oil price shows calm positive trades to move away gradually from 62.20, to keep the bullish trend scenario valid and active for the upcoming period, supported by the EMA50, waiting to head towards 67.95 that represents the next main target.

 

Holding above 62.20 is important to continue the expected rise, as breaking it will press on the price to test 59.85 before any new attempt to rise.

 

The expected trading range for today is between 62.00 support and 65.00 resistance.

The expected trend for today: Bullish

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