Crude oil price confirms the break – Analysis - 18-07-2019

2019-07-18 04:50:41 GMT (Economies.com)
 

Crude oil price confirmed breaking 57.33 level after closing the daily candlestick below it, to fall under expected negative pressure in the upcoming period, targeting visiting 56.00 followed by 54.47 levels mainly.

 

Therefore, the bearish bias will be suggested for today supported by moving below the EMA50, taking into consideration that breaching 57.33 and holding above it again will reactivate the main positive scenario that its targets begin by testing 60.86 areas again.

 

The expected trading range for today is between 55.00 support and 58.00 resistance.

 

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.1065
0.0003
0.0235%
1.3146
0.0009
0.0712%
Tadawul
8120.01
21.27
0.26%
16.604
0.032
0.194%
58.835
-0.275
0.465%
64.25
-0.14
0.22%
1461.380
1.535
0.105%
 
 
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