Crude oil price presses on the support – Analysis - 26-04-2019
Economies.com
2019-04-26 04:08AM UTC
Crude oil price continues to press on the key support 64.90, noticing that the price closed the daily candlestick above this level, which keeps the chances valid to resume the expected bullish trend for the upcoming period, which its first target located at 67.00.
The EMA50 attempts to protect the suggested positive scenario, noting that breaking 64.90 will put the price under negative pressure that targets testing 62.85 level before any new attempt to rise.
The expected trading range for today is between 63.80 support and 67.00 resistance.
The expected trend for today: Bullish
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