Crude oil price gets a positive signal – Analysis - 18-09-2020
Economies.com
2020-09-18 03:30AM UTC
Crude oil price resumes its positive trading to breach 41.00 barrier, reinforcing the expectations of continuing the bullish trend on the intraday and short term basis, noticing that stochastic provides positive overlapping signal now, waiting to motivate the price to achieve more gains in the upcoming sessions, as the next positive targets located at 41.85 and extend to 43.05.
Therefore, the bullish trend scenario will remain valid and active conditioned by the price stability above 40.30.
The expected trading range for today is between 39.80 support and 42.50 resistance.
The expected trend for today: Bullish
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