Crude oil resumes rising – Analysis - 28-07-2017
Economies.com
2017-07-28 04:21AM UTC
Crude oil price settles around 49.00 level after the rise that it witnessed yesterday, and the bullish channel keeps carrying the price to achieve more rise on the short term basis, which keeps our bullish overview valid until now, reminding you that our main targets begin at 50.00 and extend to 52.50.
The EMA50 keeps supporting the suggested bullish wave, being aware that holding above 48.37 and 47.30 levels represents key condition to achieve the waited targets.
Expected trading range for today is between 47.30 support and 51.00 resistance.
Expected trend for today: Bullish
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