Crudeoil : Technical View : 16.12.2019
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On the daily chart, the price gained 0.90% in
the last session.
Moreover, the price has been trading above its Parabolic SAR, which indicates bullishness in the counter.
Furthermore, the price has also sustained above the 200 EMA which suggest rising prices.
In addition, the counter’s Heikin Ashi candle has formed a strong green candle which signals power to the bulls.
As per the above technical structure; we expect bullish move in the counter.
Moreover, the price has been trading above its Parabolic SAR, which indicates bullishness in the counter.
Furthermore, the price has also sustained above the 200 EMA which suggest rising prices.
In addition, the counter’s Heikin Ashi candle has formed a strong green candle which signals power to the bulls.
As per the above technical structure; we expect bullish move in the counter.