Crude oil within continuation pattern – Analysis - 25-09-2017
Economies.com
2017-09-25 03:39AM UTC
Crude oil price recent trading is confined within bullish pennant flag that appears on chart, which means that breaching 50.70 will activate the positive effect of this pattern followed by pushing the price to resume the main bullish trend, supported by the EMA50 that carries the price from below.
Therefore, our bullish overview will remain valid and active in the upcoming period conditioned by holding above 49.45, noting that our next main target is located at 53.20.
Expected trading range for today is between 49.00 support and 53.20 resistance.
Expected trend for today: Bullish
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