Crude oil price keeps its negative stability – Analysis - 15-05-2019
Economies.com
2019-05-15 01:02AM UTC
Crude oil price bounced bearishly after testing the triangle’s resistance that appears on the above chart, as the EMA50 managed to protect this resistance, while stochastic approaches to provide negative overlapping signal on the four hours’ time frame.
Therefore, these factors encourage us to continue suggesting the bearish trend in the upcoming sessions, which its next main target located at 57.33, while achieving it conditions holding below 62.20.
The expected trading range for today is between 59.00 support and 62.20 resistance.
The expected trend for today: Bearish
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