Crude oil price resumes the decline – Analysis - 22-08-2019
Economies.com
2019-08-22 04:38AM UTC
Crude oil price bounced bearishly after approaching 57.33 level yesterday, starting to test the EMA50 that forms good support base now, as the price needs to break this barrier to confirm heading towards our first main target at 54.47.
Therefore, the bearish trend will remain suggested in the upcoming sessions unless the price rallied to breac 57.33 and hold with a daily close above it.
The expected trading range for today is between 53.50 support and 57.00 resistance.
The expected trend for today: Bearish
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