Crude oil price confirms the break – Analysis - 26-08-2019
Economies.com
2019-08-26 05:14AM UTC
Crude oil price confirmed breaking 54.47 level after closing last Friday’s trading below it, to support the expectations of continuing the bearish trend on the intraday and short term basis, and the way is open to achieve our next target that reaches 51.61.
The EMA50 presses negatively on the price to support the expectations to decline, noting that breaching 54.47 will stop the suggested bearish bias and push the price to start new recovery attempts.
The expected trading range for today is between 51.61 support and 54.50 resistance.
The expected trend for today: Bearish
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