Crude oil price gets the positive momentum – Analysis - 04-04-2019
Economies.com
2019-04-04 04:15AM UTC
Crude oil price tested 62.00 barrier and begins to provide positive trades now, noticing that stochastic gets rid of its negative momentum to reach the thresholds of the oversold areas, which supports the chances of bouncing bullishly to resume the expected bullish trend on the intraday and short term basis, which gets continuous positive support by the EMA50.
Therefore, we will continue to suggest the bullish trend in the upcoming sessions conditioned by the price stability above 61.75, reminding you that our next main target is located at 64.90.
The expected trading range for today is between 61.00 support and 64.00 resistance.
The expected trend for today: Bullish
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