Crude oil price leans on the channel’s support – Analysis - 21-09-2021
Economies.com
2021-09-21 04:06AM UTC
Crude oil price consolidated above the bullish channel’s support line that appears on the chart, getting positive signals through stochastic, waiting to motivate the price to resume the main bullish trend, which targets 73.30 as a next main station.
Therefore, the positive scenario will remain active for the upcoming period, noting that breaking 70.70 will stop the expected rise and press on the price to decline towards 69.25 initially.
The expected trading range for today is between 69.70 support and 72.70 resistance.
The expected trend for today: Bullish
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