Crude oil heads towards the resistance – Analysis - 16-11-2018
Economies.com
2018-11-16 05:06AM UTC
Crude oil price trades with slight positivity to move at 57.00 barrier now, affected by stochastic positivity, but as long as the price is below 57.46, our bearish overview will remain valid, as breaching this level will push the price to attempt to return to the main bullish trend and stop the current negative scenario.
Note that our negative targets begin at 54.75 and extend to 51.46 after breaking the previous level.
Expected trading range for today is between 55.00 support and 58.00 resistance.
Expected trend for today: Bearish
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