Crude oil price regains the bullish trend – Analysis - 08-10-2021
Economies.com
2021-10-08 04:14AM UTC
Crude oil price continues the the bullish rally to surpass 79.00$ barrier and confirms opening the way to achieve more expected gains in the upcoming period, and the way is open to visit the bullish channel’s resistance at 80.35.
Therefore, we expect to witness more rise today, supported by the EMA50 that carries the price from below, noting that breaking 78.35 will stop the expected rise and press on the price to decline again.
The expected trading range for today is between 78.00 support and 81.00 resistance.
The expected trend for today: Bullish
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