Crude oil price is stable – Analysis - 19-10-2020
Economies.com
2020-10-19 04:16AM UTC
Crude oil price settles around 40.65 after the mixed trades that it witnessed in the previous sessions, getting continuous positive support by the EMA50, which supports the continuation of our bullish overview, which its targets begin at 41.30 and extend to 43.05.
Note that breaking 40.00 will put the price under intraday negative pressure that targets testing 38.20 areas before any new attempt to rise.
The expected trading range for today is between 39.40 support and 42.50 resistance.
The expected trend for today: Bullish
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