Crude oil price keeps its negative stability – Analysis - 24-09-2020
Economies.com
2020-09-24 03:26AM UTC
Crude oil price bounced downwards strongly after testing 40.36, to keep the bearish trend scenario valid and active for the upcoming period, and the price needs to break 39.25 level to confirm opening the way to head towards 38.67 followed by 37.96 levels that represent our next main target.
The EMA50 keeps supporting the suggested bearish wave, which will remain valid conditioned by the price stability below 40.54.
The expected trading range for today is between 38.00 support and 40.50 resistance.
The expected trend for today: Bearish
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