Crude oil price above the moving average – Analysis - 22-05-2019
Economies.com
2019-05-22 00:57AM UTC
Crude oil price continues to fluctuate near the EMA50 and keeps its stability above it until now, while stochastic begins to get rid of its negative momentum and gain the positive momentum gradually, waiting to motivate the price to resume the bullish bias in the upcoming sessions.
Therefore, we will keep our bullish overview for today conditioned by the price stability above 62.40, noting that breaching 64.00 will ease the mission of heading towards 65.00 that represents our next main target.
The expected trading range for today is between 62.00 support and 65.00 resistance.
The expected trend for today: Bullish
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