Crude oil keeps its negative stability – Analysis - 19-11-2018

Crude oil price continues to fluctuate at the key resistance 57.46 and keeps its stability below it, which keeps the bearish trend scenario valid until now, which targets 54.75 followed by 51.46 levels as next main stations.

Note that breaching 57.46 followed by 58.75 levels will stop the expected decline and lead the price to regain the main bullish trend again.

Expected trading range for today is between 55.00 support and 58.75 resistance.

Expected trend for today: Bearish