Crude oil tests the moving average – Analysis - 14-02-2017
Economies.com
2017-02-14 05:37AM UTC
Crude oil price continued its negative trading to settle at the EMA50, noticing that stochastic begins providing positive overlapping signals on the four hours time frame, providing positive motive that we wait to assist to push the price to continue the main bullish trend, and its next targets located at 55.27 then 56.50.
Therefore, the overall bullish trend will remain valid and active in the upcoming period conditioned by holding above 51.85 level.
Expected trading range for today is between 51.85 support and 55.27 resistance.
Expected trend for today: Bullish
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