Midday update for Crude Oil 24/11/2015
Economies.com
2015-11-24 12:47PM UTC
Crude oil price keeps its stability below the bearish channel’s resistance, which is met by the EMA50 to add more strength to it, accompanied by stochastic reach to the overbought areas.
Therefore, we believe that the chances are valid to resume the main bearish trend that its next target located at 37.73, reminding you with the importance of holding below 43.37 and 44.05 levels to achieve it.
Expected trading range for today is between 39.00 support and 43.37 resistance.
Expected trend for today: Bearish
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