Crude oil price gets new positive signal – Analysis - 14-09-2023
1 week ago

Crude oil price fluctuates at the bullish channel’s support line that appears on the chart, noticing that stochastic overlaps positively now, waiting to motivate the price to resume the expected bullish trend for the upcoming period, which its targets begin at 90.00 and extend to 91.65 after surpassing the previous level.


Holding above 88.10 is important to continue the expected rise, as breaking it represents negative factor that will push the price to start intraday bearish correction that its targets begin by testing 86.90.



The expected trading range for today is between 88.10 support and 90.70 resistance.


The expected trend for today: Bullish

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