Crude oil price begins negatively – Analysis - 23-09-2020
Economies.com
2020-09-23 03:37AM UTC
Crude oil price kept its stability below 39.70, starting today with clear bearish bias to approach the key support 39.14, waiting to break this level to confirm opening the way to continue the bearish trend, as our next targets located at 38.60 followed by 37.90.
Therefore, the bearish trend scenario will remain valid and active in the upcoming sessions, supported by the negative pressure formed by the EMA50, reminding you that the continuation of the bearish wave requires holding below 39.70 and the most important below 40.36.
The expected trading range for today is between 38.00 support and 40.50 resistance.
The expected trend for today: Bearish
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