Crude oil price resumes rising – Analysis - 26-06-2019

Crude oil price traded with strong positivity on yesterday’s evening to move away from 57.33, reinforcing the expectations of continuing the bullish trend on the intraday and short term basis, apopraching our first waited target at 59.70 now, waiting to surpass this level to confirm visiting our next main target at 60.86.

Therefore, the bullish trend will remain suggested in the upcoming sessions, organized inside the bullish channel that appears on the chart, reminding you that holding above 57.33 represents key condition to continue the suggested rise.

The expected trading range for today is between 57.50 support and 60.86 resistance.

The expected trend for today: Bullish