Crude oil continues to decline – Analysis - 23-11-2018
Economies.com
2018-11-23 05:09AM UTC
Crude oil price continues to decline to crawl towards our waited negative target at 51.46, reinforcing the expectations of continuing the bearish trend on the intraday and short term basis, noting that breaking the mentioned level will extend oil price losses to reach 49.10 as a next main station, while holding below 54.75 represents the first condition to continue the expected decline.
Expected trading range for today is between 51.50 support and 54.75 resistance.
Expected trend for today: Bearish
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