Crude oil price begins to rebound bearishly – Analysis - 11-11-2019
Economies.com
2019-11-11 05:52AM UTC
Crude oil price made new test to 57.40 level and kept its stability below it, to start bouncing bearishly and move away from this level, which keeps the bearish trend scenario valid and active for the upcoming period, supported by stochastic negativity that appears on the four hours’ time frame, waiting to target 56.00 followed by 54.60 levels as next main stations.
We remind you that the continuation of the expected bearish trend conditions the stability of the daily close below 57.40.
The expected trading range for today is between 54.60 support and 58.00 resistance.
The expected trend for today: Bearish
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