Crudeoil : Technical View : 17.12.2019
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On the daily chart, the price gained 0.50% 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 SMA which suggest rising prices.
Additionally, momentum indicator RSI(14) has shown a positive crossover which signals bullishness.
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 SMA which suggest rising prices.
Additionally, momentum indicator RSI(14) has shown a positive crossover which signals bullishness.
As per the above technical structure; we expect bullish move in the counter.