Crude oil price surpasses the resistance – Analysis - 23-11-2020
Economies.com
2020-11-23 05:01AM UTC
Crude oil price managed to breach 42.45 level and attempts to hold above it, which supports the continuation of our bullish overview on the intraday and short term basis, paving the way to head towards our positive targets that start at 43.75 and extend to 44.80.
The EMA50 keeps supporting the suggested bullish wave, noting that breaking 41.85 followed by 41.35 levels will stop the expected rise and press on the price to start correctional bearish wave for the rise that started from 33.61 areas.
The expected trading range for today is between 41.35 support and 44.00 resistance.
The expected trend for today: Bullish
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