Crude oil price is stable – Analysis - 14-02-2020
Economies.com
2020-02-14 05:58AM UTC
Crude oil price continues to fluctuate at the key resistance 51.80 and keeps its stability below it until now, which keeps the bearish trend scenario valid and active for the upcoming period, waiting to head towards 48.30 that represents our next main target.
On the other hand, we should note that breaching 51.80 and holding above it will stop the expected decline and leads the price to start recovery attempts that target testing 54.60 areas initially.
The expected trading range for today is between 49.50 support and 52.50 resistance.
The expected trend for today: Bearish
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