Crude oil price approaches the target – Analysis - 23-08-2019
Economies.com
2019-08-23 03:08AM UTC
Crude oil price returns to fluctuate around the EMA50 after the clear decline that it witnessed yesterday, and the price still inside the bearish channel that appears on the chart, waiting to test 54.47 initially, noting that breaking this level will extend the bearish wave to reac 51.61 as a next station.
Therefore, we will keep our bearish overview unless the price rallied to breach 57.33 and hold with a daily close above it.
The expected trading range for today is between 53.50 support and 56.50 resistance.
The expected trend for today: Bearish
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