End of day analysis for Crude Oil 24-05-2017
Economies.com
2017-05-24 19:22PM UTC
Crude oil price provided some negative trading to test 51.00 level and rebounds bullishly from there, which supports the continuation of our bullish overview in the upcoming sessions, supported by stochastic head towards the oversold areas, besides the continuous positive support provided by the EMA50.
Therefore, the way is open to head towards 53.00 initially, noting that it is important to hold above 49.85 to continue the expected rise.
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