Crude oil price keeps its negative stability – Analysis - 13-11-2019
Economies.com
2019-11-13 05:29AM UTC
Crude oil price kept its stability below 57.40 level after testing it again yesterday, and begins to press on the EMA50 now, waiting to surpass this barrier to confirm the continuation of the expected bearish trend for the upcoming period, which targets 56.00 followed by 54.60 levels mainly.
Therefore, we are waiting for more decline today, noting that the continuation of the suggested bearish wave conditions the price stability below 57.40.
The expected trading range for today is between 55.00 support and 57.40 resistance.
The expected trend for today: Bearish
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