Crude oil awaits more targets – Analysis - 24-10-2018
Economies.com
2018-10-24 04:15AM UTC
Crude oil price settles below 66.85 level that represents our suggested target in our previous reports, which opens the way to continue the decline in the upcoming period, targeting visiting the recently recorded low at 64.43 mainly.
The EMA50 forms continuous negative pressure against the price, to support the expectations to decline, noting that breaching 67.40 is considered as the first positive key to start recovery attempts and regain the main bullish trend.
Expected trading range for today is between 64.50 support and 68.00 resistance.
Expected trend for today: Bearish
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