Crude oil awaits more rise
Target: 63.00
Risk: 57.25
Technical Reasons:
Crude oil price success to surpass the bullish pennant pattern's resistance pushed the price towards our waited target at 60.00, waiting for more rise as the price moves above the bullish trend line that appears on the chart.
The extended target reaches 63.00, while breaking 57.25 will force the price to turn its intraday track to the downside.
Risk: 57.25
Technical Reasons:
Crude oil price success to surpass the bullish pennant pattern's resistance pushed the price towards our waited target at 60.00, waiting for more rise as the price moves above the bullish trend line that appears on the chart.
The extended target reaches 63.00, while breaking 57.25 will force the price to turn its intraday track to the downside.
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