Midday update for Crude oil 22-02-2018
Economies.com
2018-02-22 10:53AM UTC
Crude oil price made new test to 61.40 level now, which meets the EMA50 to strengthen it, which keeps our bearish trend expectations valid for today, waiting for visiting 60.14 level mainly, being aware that braeching 61.40 will stop the expected decline and leads the price to achieve positive targets that begin at 62.65 and extend to 64.20 after braeching the previous level.
Expected trading range for today is between 59.50 support and 62.00 resistance.
Expected trend for today: Bearish
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