Crude oil is stable below the resistance – Analysis - 20-11-2018
Economies.com
2018-11-20 03:59AM UTC
Crude oil price keeps the daily close stability below 57.46, thus, our bearish overview will remain valid for the upcoming period, noticing that stochastic loses its positive momentum gradually to support the chances of resuming the bearish trend, which targets 54.75 level as a next station.
We should note that breaching 57.46 will stop the expected decline and lead the price to achieve gains that start at 58.75 and extend to 60.00 on the near term basis.
Expected trading range for today is between 55.00 support and 58.75 resistance.
Expected trend for today: Bearish
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