Crude oil price is recovering – Analysis - 04-03-2021
Economies.com
2021-03-04 05:14AM UTC
Crude oil price begins today with new positivity to breach 61.15 and settles above it, which stops the negative scenario suggested yesterday and leads the price to resume the main bullish trend, on its way to visit the recently recorded top at 63.76 as a first positive target.
Therefore, we are waiting for more rise today supported by moving above the EMA50, noting that breaking 61.10 will press on the price to test 60.00 initially before any new attempt to rise.
The expected trading range for today is between 60.50 support and 63.70 resistance.
The expected trend for today: Bullish
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