End of day analysis for Crude oil 22-06-2017

Economies.com
2017-06-22 19:28PM UTC

Crude oil price resumes its negative trading after testing 43.00 barrier, noticing that stochastic loses its positive momentum gradually, to support the chances of continuing the expected bearish trend on the intraday and short term basis, which its next target located at 40.66.

 

Therefore, we will continue to suggest the bearish trend unless breaching 44.10 level and holding above it.

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