Crude oil price approaches the support – Analysis - 13-05-2019
Economies.com
2019-05-13 00:53AM UTC
Crude oil price begins today’s trading with bearish bias to approach the key support 60.86, waiting to break this level to confirm the continuation of the correctional bearish trend on the short term basis, which gets continuous support by the EMA50, waiting to visit 57.33 level that represents our next main station.
Therefore, the bearish trend will remain suggested for the upcoming period conditioned by the price stability below 62.20.
The expected trading range for today is between 59.70 support and 62.60 resistance.
The expected trend for today: Bearish
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