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Crude Oil






5/2/2016 1:06:25 AM

Crude Oil - Technical Analysis: Monday, 02/05/2016 05:06 GMT



Crude oil price continues to rise, carried by the bullish trend lines that appear on chart, besides the positive support provided by the exponential moving averages 50 and 100, which makes the way open to achieve more gains on the long term basis, targeting 50.00 then 51.10 levels.

Stochastic shows positive signal that supports the expected rise, while breaking 44.10 level will push the price to turn its intraday trading downwards.


Target
Risk


Support
Resistance


Trend Bullish

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