Crude oil price surpasses the sideways track – Analysis - 01-04-2019

Crude oil price continues to rise to exit the sideways range that its signs appear on the chart, which supports the expectations of continuing the bullish trend in the upcoming period, which gets continuous support by the EMA50, noting that the price needs to breach 60.90 level to confirm the return to the main bullish channel, waiting to visit 64.90 level as a next main target.

Therefore, the bullish trend will remain suggested on the intraday and short term basis, noting that breaking 59.30 will press on the price to decline and test 57.46 areas before any new attempt to rise. 

The expected trading range for today is between 59.30 support and 62.50 resistance.

The expected trend for today: Bullish