Crude oil price within tight track – Analysis - 07-12-2020
Economies.com
2020-12-07 05:02AM UTC
Crude oil price shows tight trades in the previous sessions, moving inside an intraday bullish channel that organizes the recent rise, waiting to resume the positive trades to head towards our next main target that reaches 48.00.
In general, we will continue to suggest the bullish trend on the intraday and short term basis, organized inside the bullish channels that appear on the chart, noting that the continuation of the bullish wave requires holding above 45.35.
The expected trading range for today is between 45.25 support and 48.00 resistance.
The expected trend for today: Bullish
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