Midday update for Crude oil 07-12-2017
Economies.com
2017-12-07 10:32AM UTC
Crude oil price shows sideways and tight trading since morning settling around 56.00 level, and as long as the price is below 56.75, the negative pressure will remain dominant on the upcoming trades, reminding you that our next target is located at 55.23, which breaking it represents the key to extend the bearish wave towards 54.06.
Expected trading range for today is between 54.06 support and 57.80 resistance.
Expected trend for today: Bearish
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