End of day analysis for Crude Oil 23-03-2017

Economies.com
2017-03-23 20:50PM UTC

Crude oil price bounced bearishly after retesting 48.37 level, to close the day with clear negativity that supports the continuation of the bearish trend scenario on the intraday and short term basis, paving the way to head towards 44.10 that represents our next main target.

 

Therefore, the bearish trend will remain suggested in the upcoming sessions unless breaching 48.37 followed by 49.00 levels and holding above them.

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