Crude oil price attempts to recover – Analysis - 03-12-2019
Economies.com
2019-12-03 05:46AM UTC
Crude oil price provided slight positive trading yesterday, but it returns to settle near 56.00, which makes us keep our bearish trend expectations, waiting for visiting 54.60 level that represents our next main target.
The EMA50 forms a negative pressure that supports the suggested decline, which will remain valid unless breaching 57.40 level and holding above it again.
The expected trading range for today is between 54.00 support and 57.40 resistance.
The expected trend for today: Bearish
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