Crude oil price keeps its positive stability – Analysis - 24-06-2019

Economies.com
2019-06-24 04:19AM UTC

Crude oil price keeps its stability above 57.33 level, which forms key support base, waiting to resume the bullish wave that its next main target located at 59.70.

 

The EMA50 continues to support the price from below, to continue suggesting the bullish trend in the upcoming period, noting that breaking 57.33 will stop the suggested rise and press on the price to test areas that start at 55.75 and might extend to 54.57 before any new attempt to rise.

 

The expected trading range for today is between 57.00 support and 60.00 resistance.

 

The expected trend for today: Bullish

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