End of day analysis for Crude oil 08-01-2019

Economies.com
2019-01-08 19:01PM UTC

Crude oil price reached the thresholds of 50.00$ barrier, and returns to fluctuate near 49.00, noticing that stochastic provides positive signals on the four hours’ time frame, which supports the continuation of the bullish trend scenario that depends on the price stability above 47.00, while its next target located at 51.46.

 

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