Crude oil approaches the target – Analysis - 01-11-2018
Economies.com
2018-11-01 04:52AM UTC
Crude oil price keeps providing the negative trading to settle below 65.00 barrier, approaching our main waited target at 64.43, noting that the price falls under continuous negative pressure that makes us suggest breaking the mentioned level and extend the bearish wave towards 63.60 followed by 62.00 on the near term basis.
Therefore, the bearish trend will remain dominant in the upcoming period unless breaching 67.40 level and holding above it.
Expected trading range for today is between 63.00 support and 66.00 resistance.
Expected trend for today: Bearish
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