Midday update for Crude oil 18-01-2018
Economies.com
2018-01-18 11:28AM UTC
Crude oil price shows slight bearish bias after testing the resistance that formed at the broken support of the intraday bullish channel, and the price is affected by stochastic negativity, waitig for the continuation of the bearish correctional bias that targets testing 62.80 level as a next main station.
Therefore, the bearish trend will be expected for today unless braeching 64.87 level and holding above it.
Expected trading range for today is between 62.80 support and 65.50 resistance.
Expected trend for today: Bearish temporarily
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