End of day analysis for Crude oil 14-08-2017
Economies.com
2017-08-14 19:52PM UTC
Crude oil price traded with strong negativity today to succeed breaking 48.15 level and settles below it, opening the way to head towards our first target at 46.80, noting that breaking this level will extend oil price losses to reach 45.40 followed by 44.10 levels.
Therefore, the bearish trend will remain expected in the upcoming period unless breaching 49.00 level and holding above it.
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