Crude oil attempts to recover – Analysis - 15-10-2018
Economies.com
2018-10-15 04:32AM UTC
Crude oil price begins today’s trading with bullish gap to attempt to breach 72.12 level, but it returns to decline calmly and move below the mentioned level, which keeps the correctional bearish trend scenario valid until now, waiting to test 70.66 level again.
Note that breaking the targeted level will push the price towards 69.19 direct, while breaching 72.12 followed by 73.07 levels will stop the expected decline and push the price to return to the main bullish track again.
Expected trading range for today is between 70.00 support and 73.07 resistance.
Expected trend for today: Bearish
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