Crude oil price attempts to breach – Analysis - 13-04-2021
Economies.com
2021-04-13 03:15AM UTC
Crude oil price attempted to breach 59.85 level but it ended yesterday below it, which keeps the bearish trend scenario valid and active on the intraday and short term basis, waiting to head towards 57.25 that represents the first main target.
Stochastic provides negative signals that support the expected decline, which will remain valid unless breaching 59.85 and holding with a daily close above it.
The expected trading range for today is between 58.00 support and 60.50 resistance.
The expected trend for today: Bearish
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