Crude oil keeps its negative stability – Analysis - 20-06-2018

Crude oil price settles below 65.50 level, and the EMA50 keeps pushing negatively on the price, thus, our bearish overview will remain valid as it is without any change, waiting to target 63.78 level initially, which breaking it represents the key to rally towards 61.64 as a next main station.

We should note that breaching 65.50 will stop the current negative pressure and lead the price to start recovery attempts that target 67.22 areas initially.

Expected trading range for today is between 63.50 support and 66.20 resistance.

Expected trend for today: Bearish