Crude oil keeps its negative stability – Analysis - 17-10-2018
Economies.com
2018-10-17 04:45AM UTC
Crude oil price settles below 72.12 level, and the EMA50 forms continuous negative pressure against the price, while stochastic reaches the overbought areas now.
Therefore, these factors encourage us to continue suggesting the bearish trend in the upcoming sessions, which targets 70.66 followed by 69.19 levels as next main stations, while holding below 73.07 represents the most important condition to continue the expected decline.
Expected trading range for today is between 70.00 support and 73.07 resistance.
Expected trend for today: Bearish
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