Crude oil price is stable – Analysis - 12-04-2021
Economies.com
2021-04-12 03:43AM UTC
Crude oil price shows sideways and tight trades in the previous sessions, keeping its stability below 59.85, and the EMA50 continues to press negatively on the price, to support the chances of resuming the expected bearish trend for the upcoming period, which targets 57.25 followed by 54.85 levels mainly.
Therefore, we will keep our bearish overview unless breaching 59.85 – 60.10 levels and holding above them.
The expected trading range for today is between 58.00 support and 60.50 resistance.
The expected trend for today: Bearish
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