Crude oil suffers more losses – Analysis - 28-05-2018
Economies.com
2018-05-27 23:55PM UTC
Crude oil price begins today’s trading with negative pressure in attempt to break 67.22 level, which hints the extension of the correctional bearish wave on the short term basis, to send the next target towards 65.50 areas.
Therefore, the bearish trend will remain suggested in the upcoming period supported by the negative pressure formed by the EMA50, unless the price rallies upwards to breach 69.35 level and hold above it.
Expected trading range for today is between 65.50 support and 68.50 resistance.
Expected trend for today: Bearish
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