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Crude oil price resumes the bullish track – Analysis - 13-09-2023
Crude oil price confirmed breaching 88.18 after closing the daily candlestick above it, to resume the main bullish trend, organized inside the bullish channels that appear on the chart, waiting to visit 90.00 as a next station, noting that breaching this level will push the price to 91.65 as a next main target.
Therefore, we expect to witness more rise in the upcoming sessions, supported by the EMA50 that carries the price from below, noting that breaking 88.10 will stop the positive scenario and push the price to start bearish correction on the intraday basis before turning back to rise again.
The expected trading range for today is between 87.60 support and 90.60 resistance.
The expected trend for today: Bullish
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