No news for Crude oil price – Analysis - 22-03-2019
Economies.com
2019-03-22 05:18AM UTC
Crude oil price did not show any strong move yesterday, to continue fluctuating around 60.00 level, noticing that stochastic gets rid of its negative momentum to approach the oversold areas, waiting to motivate the price to resume the main bullish trend, organized inside the bullish channel that appears on the chart, besides that it gets continuous positive support by the EMA50.
Our next positive target extends to reach 64.90, noting that breaking 59.00 might press on the price to test 57.46 areas before any new attempt to rise.
The expected trading range for today is between 58.85 support and 62.00 resistance.
The expected trend for today: Bullish
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