Crude oil tests the support base – Analysis - 13-09-2018
Economies.com
2018-09-13 03:54AM UTC
Crude oil price tests the support base formed at 69.74 after breaching it previously and keeps its stability above it until now, accompanied by stochastic reach to the overbought areas’ thresholds, which supports the chances of resuming the expected bullish trend on the intraday and short term basis, which its next targets located at 71.38 and extend to 72.70.
We should note that breaking 69.74 might push the price to test 68.73 followed by 67.91 levels before any new attempt to rise.
Expected trading range for today is between 68.73 support and 71.80 resistance.
Expected trend for today: Bullish
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