Crude oil price gains the positive momentum – Analysis - 25-04-2019
Economies.com
2019-04-25 04:19AM UTC
Crude oil price shows slight negative trades since yesterday to move around 65.75 now, noticing that stochastic got rid of its negative momentum to reach the oversold areas, waiting to motivate the price to resume the expected bullish trend on the intraday and short term basis, which gets continuous positive support by the EMA50.
Therefore, we are waiting for positive trading in the upcoming sessions supported by the EMA50 that protecs trades inside the bullish channel that appears on the chart, reminding you that our waited targets begin at 67.00 and extend to 70.55, while achieving them conditions holding above 64.90.
The expected trading range for today is between 64.90 support and 67.50 resistance.
The expected trend for today: Bullish
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