Crude oil price attacks the support – Analysis - 10-10-2019

2019-10-10 04:52:26 GMT (Economies.com)
 

Crude oil price begins today’s trading with strong decline to test the key support 51.80, which supports the continuation of our bearish overview on the intraday and short term basis, and the price needs to confirm breaking the mentioned level to open the way to extend the bearish wave towards 50.00.

 

The EMA50 continues to support the suggested bearish wave, which its continuation conditions holding below 54.60.

 

The expected trading range for today is between 50.50 support and 53.50 resistance.

 

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.1135
0.0430
4.0163%
1.2455
0.0809
6.9509%
Tadawul
6376.62
49.70
0.79%
14.446
1.863
14.810%
21.828
-1.600
6.830%
24.84
-1.50
5.69%
1620.150
122.735
8.197%
 
 
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