Crude oil approaches the extended target – Analysis - 02-10-2018
Economies.com
2018-10-02 04:13AM UTC
Crude oil price keeps achieving strong gains to approach our waited target at 75.90, as it confirmed the return to the main bullish channel that appears on the chart, getting continuous positive support by the EMA50.
Therefore, we believe that the chances are valid to continue rising in the upcoming period, noting that our next target reaches 77.80, while the continuation of the bullish trend conditions holding above 73.75.
Expected trading range for today is between 74.50 support and 77.80 resistance.
Expected trend for today: Bullish
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