Crude oil price keeps its positive stability – Analysis - 30-04-2019
Economies.com
2019-04-30 04:29AM UTC
Crude oil price begins to rebound bullishly from the main bullish channel’s support line, to keep the bullish trend valid and active in the upcoming sessions, and the price needs to get enough positive momentum to push trading to achieve more gains, noting that surpassing the EMA50 will ease the price mission to rise.
Note that the expected bullish wave targets begin by breaching 64.90 to confirm opening the way to head towards 67.00, while breaking 63.00 represents negative factor that will press on the price to turn to decline on the intraday and short term basis.
The expected trading range for today is between 62.40 support and 65.50 resistance.
The expected trend for today: Bullish
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