Crude oil recovers – Analysis - 28-02-2019
Economies.com
2019-02-28 05:06AM UTC
Crude oil price provided clear positive trades yesterday to test the key resistance 57.46, which hints that the price is on its way to resume the main bullish trend that moves organized inside the bullish channels that appear on the chart, and the price needs to breach the mentioned level to confirm opening the way to target 65.00 as a next main station.
Therefore, the bullish bias will be expected in the upcoming period unless breaking 55.75 level and holding below it.
The expected trading range for today is between 55.75 support and 59.00 resistance.
The expected trend for today: Bullish
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