Crude oil surpasses the first target – Analysis - 19-04-2018

Crude oil price confirmed breaching 68.00 level after closing the daily candlestick above it, reinforcing the expectations of continuing the bullish trend on the intraday and short term basis, opening the way to head towards 70.00 that represents our next main station.

Therefore, the bullish trend will remain valid and active, supported by the EMA50, noting that breaking 68.00 might cause a turn at the intraday trading to decline and start bearish correction before turning back to rise again.

Expected trading range for today is between 67.50 support and 70.50 resistance.

Expected trend for today: Bullish