End of day analysis for Crude oil 22-08-2018

Economies.com
2018-08-22 18:44PM UTC

Crude oil price rallied upwards strongly to breach 66.25 level and touches the key resistance 68.06 direct, as it settles above it now, which makes us stay aside now until the price confirms breaching the mentioned resistance or breaking 67.00 support to detect the next targets clearly, noting that the contradiction between the EMA50 positivity and stochastic negativity provides another reason for neutrality.

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