Crude oil price tests the support – Analysis - 20-09-2021
Economies.com
2021-09-20 08:09AM UTC
Crude oil price trades near 71.05 level, and the EMA50 meets this support to add more strength to it, while stochastic shows positive signals now.
Therefore, these factors encourage us to continue suggesting the bullish trend for the upcoming period, organized inside the bullish channel that appears on the chart, waiting to test 73.30 as a first main target, remidning you that it is important to hold above 71.05 to continue the expected positive scenario.
The expected trading range for today is between 70.00 support and 73.00 resistance.
The expected trend for today: Bullish
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