Crude oil hits the target – Analysis - 20-09-2018
Economies.com
2018-09-20 04:18AM UTC
Crude oil price keeps rallying by today’s opening to succeed reaching our waited target at 71.38, getting continuous positive support by the EMA50, reinforcing the chances of continuing the bullish bias inside the bullish channel that appears on the chart, noting that breaching the mentioned level will push the price towards 72.65 as a next main station.
Therefore, the bullish trend will remain suggested in the upcoming sessions unless breaking 69.74 level and holding below it.
Expected trading range for today is between 69.00 support and 73.00 resistance.
Expected trend for today: Bullish
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