Crude oil completes a positive pattern – Analysis - 03-10-2018
Economies.com
2018-10-03 04:02AM UTC
Crude oil price managed to breach the bullish flag resistance that appears on the minor image, which confined yesterday’s trades, to get positive motive that we are waiting to assist to push the price to resume the main bullish trend, which its next main target located at 77.80.
Therefore, we will continue to suggest the bullish trend in the upcoming sessions conditioned by the price stability above 73.75, noting that stochastic begins to provide positive overlapping signal that reinforces the expectations to rise.
Expected trading range for today is between 74.00 support and 77.00 resistance.
Expected trend for today: Bullish
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