Crude oil crawls upwards – Analysis - 28-08-2018
Economies.com
2018-08-28 04:22AM UTC
Crude oil price shows slight bullish bias on its way towards the first waited target at 69.44, and the price gets continuous positive support by the EMA50, waiting to get strong positive motive that assists to breach the mentioned level and opens the way to achieve our next target at 70.82.
In general, we will continue to suggest the bullish trend conditioned by the price stability above 68.06, as breaking it will push the price to achieve negative targets that start at 66.25 and extend to 63.60.
Expected trading range for today is between 67.45 support and 70.82 resistance.
Expected trend for today: Bullish
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