Crude oil price within a positive pattern – Analysis - 21-09-2020
Economies.com
2020-09-21 03:56AM UTC
Crude oil price’s recent trades are confined within bullish flag pattern, thus, the price needs to breach 41.20 to activate the positive effect of this pattern and confirm rallying towards achieving more gains in the upcoming sessions, as our next positive targets located at 41.85 followed by 43.05.
Therefore, we will continue to suggest the bullish trend on the intraday and short term basis supported by the EMA50, taking into consideration that the continuation of the bullish wave requires holding above 40.30.
The expected trading range for today is between 40.00 support and 42.50 resistance.
The expected trend for today: Bullish
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