Crude oil rises calmly – Analysis - 04-09-2018
Economies.com
2018-09-04 04:15AM UTC
Crude oil price shows calm positive trades to settle around 70.00 level now, and as long as the price is above 69.44, our bullish overview will remain active, supported by the EMA50 that keeps carrying the price from below, reminding you that our targets begin by breaching 70.82 to open the way to visit 72.53.
On the other hand, breaking 69.44 will push the price to test 68.06 level before any new attempt to rise.
Expected trading range for today is between 68.50 support and 72.00 resistance.
Expected trend for today: Bullish
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