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Crude oil price resumes rising – Analysis - 13-03-2020
Crude oil price managed to consolidate above 31.07 level, starting today with clear bullish bias to surpass the EMA50, noticing that the price breached the correctional bearish channel’s resistance that appears on the minor image, to support the chances of achieving more rise in the upcoming sessions.
Therefore, we will keep our bullish overview on the intraday basis, which targets 34.50 followed by 38.04 levels as next main stations, reminding you that is important to hold above 31.07 to continue the expected rise.
The expected trading range for today is between 31.30 support and 36.00 resistance.
The expected trend for today: Bullish
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