Crude oil price needs strong positive motive – Analysis - 17-09-2021
Economies.com
2021-09-17 04:37AM UTC
Crude oil price faced temporary negative pressure yesterday but it returns to rise again, and it needs to get positive momentum that assist to resume the bullish wave to breach 73.30 and open the way to visit 75.00 as a next main target.
The EMA50 continues to support the price from below, to keep the bullish trend valid and active for the upcoming period, noting that breaking 71.05 will stop the expected rise and press on the price to turn to decline.
The expected trading range for today is between 71.05 support and 74.00 resistance.
The expected trend for today: Bullish
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