Crude oil price confirms the break – Analysis - 20-11-2019
Economies.com
2019-11-20 05:39AM UTC
Crude oil price confirmed breaking the intraday bullish channel’s support line after closing the daily candlestick below it, which pushes the price to achieve more decline in the upcoming sessions, expecting to test 57.40 level initially.
Therefore, the bearish bias will be expected for today, noting that breaking the targeted level will extend the bearish wave to reach 51.80 as a next main station, while the expected decline will remain valid unless the price rallied to breach 57.40 and hold above it.
The expected trading range for today is between 53.70 support and 56.50 resistance.
The expected trend for today: Bearish
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