Crude oil awaits more decline – Analysis - 31-10-2018
Economies.com
2018-10-31 04:43AM UTC
Crude oil price keeps its stability below the previously broken support of the bearish flag pattern, to keep the negative pressure valid for today, and we believe that the way is open to head towards our next target at 64.43, supported by the negative pressure formed by the EMA50.
Therefore, we will keep our bearish overview unless breaching 67.40 level and holding above it.
Expected trading range for today is between 64.43 support and 67.50 resistance.
Expected trend for today: Bearish
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