Crude oil price recovers – Analysis - 17-04-2019
Economies.com
2019-04-17 03:35AM UTC
Crude oil price rallied higher strongly to breach 63.75 level and cancels yesterday’s mentioned formation, which reactivate the main bullish trend scenario, the price approaches from the waited initial positive target at 64.90, reminding you that breaching this level will push the price towards 67.00 as a next main station.
Therefore, the bullish trend will be preferred in the upcoming sessions unless breaking 63.30 level and holding below it.
The expected trading range for today is between 63.30 support and 66.50 resistance.
The expected trend for today: Bullish
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