Commodities

End of day analysis for Crude oil 13-08-2019

2019-08-13 09:09:13 GMT (Economies.com)

Crude oil price keeps its stability above 54.47, to keep the bullish trend active for today, supported by moving above the EMA50, waiting to get enough positive momentum to push the price to head towards 57.33 that represents our next main target, noting that breaking 54.47 and holding below it will stop the suggested rise and press on the price to decline again.

 

The expected trading range for today is between 53.50 support and 56.50 resistance.

 

The expected trend for today: Bullish

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