Crude oil price is stable inside the channel – Analysis - 27-06-2019
Economies.com
2019-06-27 04:25AM UTC
Crude oil price continues to fluctuate at the bullish channel’s support line that appears on the chart, noticing that stochastic gets rid of its negative momentum clearly, waiting to get positive motive that assists to push the price to resume the main bullish trend, as our next target is located at 60.86.
Therefore, the bullish trend will remain valid and active in the upcoming period, noting that breaking 59.00 might press on the price to test 57.33 level again before any new attempt to rise.
The expected trading range for today is between 58.00 support and 60.86 resistance.
The expected trend for today: Bullish
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