Crude oil price within positive pattern – Analysis - 26-11-2020
Economies.com
2020-11-26 04:52AM UTC
Crude oil price’s recent trades are confined within bullish pennant pattern that its signs appear on the chart, waiting to surpass 46.05 to get positive motive that assists to push the price towards our next target that reaches 48.60.
Therefore, the bullish trend scenario will remain valid and active on the intraday and short term basis, noting that breaking 45.05 will press on the price to decline and test 43.75 areas before any new attempt to rise.
The expected trading range for today is between 44.70 support and 47.70 resistance.
The expected trend for today: Bullish
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