Crude oil price still positive – Analysis - 20-11-2020
Economies.com
2020-11-20 04:47AM UTC
Crude oil price fluctuates within symmetrical triangle recently, its resistance line located at 42.45, thus, the price needs to breach this level to get positive motive that assists to push trades to achieve our positive targets that start at 43.75 followed by 44.80.
Therefore, we will continue to suggest the bullish trend for the upcoming period supported by the EMA50 that keeps carrying the price from below, reminding you that the continuation of the bullish wave conditions holding above 40.05.
The expected trading range for today is between 40.50 support and 43.75 resistance.
The expected trend for today: Bullish
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