Midday update for Crude Oil 27-04-2017
Economies.com
2017-04-27 11:44AM UTC
Crude oil price begins to push on the key support 49.19 to move below it now, which supports the continuation of our bearish overview efficiently in the upcoming period, supported by the EMA50, and the way is open to target 48.37 level mainly, reminding you that holding below 50.35 represents the most important condition to continue the suggested decline.
Expected trading range for today is between 48.00 support and 50.35 resistance.
Expected trend for today: Bearish
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