Update: Crude oil tests the support
Economies.com
2016-05-09 15:35PM UTC
Crude oil price traded with strong negativity moving from the sideways range resistance towards its support line located at 43.20, to begin testing this support now, which urges monitoring the upcoming trading carefully, especially that stochastic shows negative signals that might push the price for more decline in the upcoming period.
We remind you that breaking the mentioned level will push the price towards 41.30 mainly before any new attempt to resume the main bullish trend.
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