Crude oil price keeps its negative stability – Analysis - 08-11-2019
Economies.com
2019-11-08 05:38AM UTC
Crude oil price bounced bearishly to settle below 57.40 level again, as it attempted to breach it yesterday, which keeps the bearish trend scenario active for the upcoming period, waiting to achieve our targets that begin at 56.00 and extend to 54.60.
Holding below 57.40 is important to continue the suggested decline, as breaching it will push the price to resume the bullish wave that start last month and achieve new gains that reach 60.90.
The expected trading range for today is between 54.60 support and 58.00 resistance.
The expected trend for today: Bearish
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