Crude oil price resumes rising – Analysis - 10-12-2019
Economies.com
2019-12-10 05:49AM UTC
Crude oil price returns to rise and approaches 59.00$ barrier, reinforcing the expectations of continuing the expected bullish trend for the upcoming period, organized inside the bullish channel that appears on the chart, getting continuoue positive support by the EMA50, reminding you that our next target is located at 60.90.
On the other hand, we should note that breaking 57.40 will stop the expected rise and press on the price to turn to decline.
The expected trading range for today is between 58.00 support and 60.90 resistance.
The expected trend for today: Bullish
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