Crude oil price needs the positive momentum – Analysis - 09-12-2019
Economies.com
2019-12-09 05:52AM UTC
Crude oil price shows some of the bearish bias after approaching from 60.00 $ barrier in the last sessions, and it attempts to get enough positive momentum to puhs the trading for rising again, where it keeps moving within the bullish channel that appears in the image, waiting for resuming the bullish bias to visit 60.90 level that represents our next main target.
Therefore, we will keep our bullish trend expectations unless breaking 57.40 level and holding below it.
The expected trading range for today is between 57.40 support and 60.90 resistance.
The expected trend for today: Bullish
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