Crude oil price keeps its negative stability – Analysis - 03-08-2020
Economies.com
2020-08-03 03:53AM UTC
Crude oil price settles below 40.50 level, to keep the negative scenario valid for the upcoming period, supported by the negative overlapping signal provided now by stochastic, waiting to visit 38.50 followed by 36.10 levels that represent our next main targets.
The EMA50 supports the expected decline, noting that breaching 40.50 will push the price to achieve intraday gains that start by testing 42.45 areas.
The expected trading range for today is between 38.50 support and 41.00 resistance.
The expected trend for today: Bearish
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