mql5

Crude Oil Daily: bullish trend to 6-month high at 53.95 as a target. The price is located above 100 SMA/200 SMA reversal area for the primary bullish market condition: price is breaking 51.51 resistance level to above for 6-month high at 53.95 as a nearest bullish target to re-enter.



If the price breaks 53.95 level to above so the bullish trend will be continuing with 55.54 possible target for breakout.
If the price breaks 44.60 support level to below so the reversal of the price movement to the ranging bearish condition will be started.
If not so the price will be moved within the channel for ranging bullish.