Crude oil closes negatively – Analysis - 22-11-2018
Economies.com
2018-11-22 05:06AM UTC
Crude oil price ended yesterday’s trading below 54.75 after the bullish rally that it witnessed in the previous sessions, which keeps the bearish trend scenario active on the intraday and short term basis, waiting to resume the bearish trend that targets 51.46 level as a next main station.
Stochastic provides negative signal to support the expected decline, reminding you that breaching 54.75 will push the price to visit 57.46 level before any new negative attempt.
Expected trading range for today is between 52.00 support and 56.00 resistance.
Expected trend for today: Bearish
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