Crude oil achieves the extended target – Analysis - 02-11-2018
Economies.com
2018-11-02 05:01AM UTC
Crude oil price confirmed breaking 63.60 level after closing the daily candlestick below it, which supports the continuation of our bearish overview in the upcoming period, organized inside the bearish channel that appears on the chart, waiting to head towards 62.00 followed by 61.05 levels that represent our next main targets.
The EMA50 keeps supporting the suggested bearish wave, which its continuation conditions holding below 64.43 and the most important below 65.20 levels
Expected trading range for today is between 61.50 support and 64.40 resistance.
Expected trend for today: Bearish
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