Crude oil price gets a positive signal – Analysis - 09-11-2021
Economies.com
2021-11-09 05:28AM UTC
Crude oil price hovers around the EMA50, noticing that stochastic begins to overlap positively now, waiting to motivate the price to surpass the resistance line that appears on the chart and rally to achieve new gains that start at 83.80 and extend to 85.40.
Therefore, we will continue to suggest the bullish trend for the upcoming period, noting that the continuation of the bullish wave requires holding above 80.90 and the most important above 79.85.
The expected trading range for today is between 81.50 support and 83.50 resistance.
The expected trend for today: Bullish
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