Crude oil price keeps its positive stability – Analysis - 17-02-2021
Economies.com
2021-02-17 05:01AM UTC
Crude oil price settles inside the intraday bullish channel that appears on the chart, getting continuous positive support by the EMA50, which keeps the bullish trend scenario valid and active for the upcoming period, waiting to head towards 63.35 areas that represent our next main target.
On the other hand, we should note that breaking 59.15 will press on the price to achieve additional decline that targets testing 57.10 areas before any new attempt to rise.
The expected trading range for today is between 59.00 support and 62.00 resistance.
The expected trend for today: Bullish
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