Crude oil approaches the target – Analysis - 14-03-2018
Economies.com
2018-03-14 04:55AM UTC
Crude oil price traded with strong negativity yesterday to approach our first waited target at 60.14, falling under negative pressure provided by the EMA50, which supports the chances of breaking the mentioned level and open the way to head towards our next station that reaches 58.60.
Therefore, we will continue to suggest the bearish trend in the upcoming period unless breaching 61.40 level and holding below it.
Expected trading range for today is between 59.00 support and 62.00 resistance.
Expected trend for today: Bearish
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