Crude oil price tests the support base – Analysis - 25-06-2019

Crude oil price tests the key support base 57.33 now, and as we mentioned in our recent reports, the price needs to hold above this level to keep the bullish trend scenario active in the upcoming period, as breaking it will press on the price to decline towards areas that start at 55.50 and extend to 54.47.

Stochastic and the EMA50 provide positive signals that support the chances of resuming the bullish trend in the upcoming sessions, reminding you that the main waited targets begin at 59.70 and extend to 60.86.

The expected trading range for today is between 56.00 support and 59.50 resistance.

The expected trend for today: Bullish