Crude oil shows mixed trades – Analysis - 21-06-2018
Economies.com
2018-06-21 03:55AM UTC
Crude oil price attempted to breach 65.50 yesterday but it managed to end the day below it, which keeps the negative pressure valid and suggested in the upcoming period, supported by the EMA50 that forms negative pressure against the price, besides the negative overlapping signal provided by stochastic.
Therefore, we are waiting for negative trading today conditioned by the price stability below 65.50, noting that our main targets begin at 63.78 and extend to 61.64.
Expected trading range for today is between 63.50 support and 66.50 resistance.
Expected trend for today: Bearish
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