Crude oil price achieves good gains

Crude oil price traded with clear positivity yesterday to reach 75.50 level, which supports the continuation of our bullish overview, waiting for more rise to visit 76.95 that represents our next main target.

The EMA50 continues to support the suggested bullish wave, reminding you that holding above 73.30 is important to continue the expected rise, as breaking it will put the price under the correctional bearish pressure again.

Echo Energy plc (LON:ECHO) is a full cycle, exploration led, oil and gas focused AIM-listed E&P with an exciting asset base in Latin America.

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