Commodities

Crude oil price keeps its positive stability – Analysis - 19-04-2019

2019-04-19 04:00:02 GMT (Economies.com)

Crude oil price shows calm positive trades in attempt to resume the expected bullish trend on the intraday and short term basis, supported by the positive signal provided now by stochastic, besides the EMA50 that carries the price from below, which supports the chances of continuing the rise to breach 64.90 followed by opening the way to head towards 67.00 that represents our next main target.

 

Therefore, we are waiting for more bullish bias in the upcoming sessions conditioned by the price stability above 63.55.

 

The expected trading range for today is between 63.00 support and 66.00 resistance.

 

The expected trend for today: Bullish

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