Crude oil gathers momentum – Analysis - 26-09-2018

Crude oil price fluctuates within sideways track since yesterday, noticing that stochastic reaches the thresholds of the oversold areas, which supports the chances of resuming the bullish bias again, as the bullish trend still valid on the intraday and short term basis, organized inside the bullish channel that appears on the chart.

Our waited targets begin at 73.20 followed by 74.00, while holding above 71.38 represents key condition to continue the suggested rise.

Expected trading range for today is between 71.00 support and 74.00 resistance.

Expected trend for today: Bullish