Crude oil attempts positively – Analysis - 28-12-2018

Crude oil price shows positive trading and moves above 45.46 level now, but we will depend on the daily candlestick close below this level to keep our overall bearish overview, which targets 40.00 level mainly.

We should note that holding above 45.46 will stop the expected decline and lead the price to achieve gains that start at 47.00 and extend to 50.00 followed by 51.46.

Expected trading range for today is between 43.00 support and 47.00 resistance.

Expected trend for today: Bearish