Commodities

Crude oil price keeps its positive stability – Analysis - 11-09-2019

2019-09-11 05:03:13 GMT (Economies.com)

Crude oil price settles above 57.33 level, and the price gets continuous positive support by the EMA50, while stochastic approaches the oversold areas.

 

Therefore, we believe that the chances are valid to resume the bullish trend, which its next main target located at 60.86, while achieving it conditions holding above 57.33.

 

The expected trading range for today is between 57.00 support and 60.00 resistance.

 

The expected trend for today: Bullish

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