Crude oil price is recovering – Analysis - 25-09-2020
Economies.com
2020-09-25 04:03AM UTC
Crude oil price shows clear positive trades since yesterday after breaching 39.83, starting today with more rise to start attempts to breach 40.54, which hints the price head to resume the main bullish trend, on its way to head towards the recently recorded top at 41.69 as a next positive station.
Therefore, the bullish bias will be suggested in the upcoming sessions, supported by the EMA50, taking into consideration that failing to breach 40.54 will put the price under the negative pressure agains, to head towards testing 39.25 areas mainly.
The expected trading range for today is between 39.50 support and 42.00 resistance.
The expected trend for today: Bullish
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