Crude oil price settles below the resistance – Analysis - 14-10-2019
Economies.com
2019-10-14 04:48AM UTC
Crude oil price attempted to breach 54.60 level, but it keeps its stability below this level now, keeping the bearish trend valid until now, waiting for boucing lower to visit 51.80 level as an initial target.
Stochastic shows negative signals that support the expected decline, taking into consideration that breaching 54.00 and holding avove will stop the expected decline and pushes the price to achieve extra gains that reach to 57.40.
The expected trading range for today is between 52.50 support and 55.50 resistance.
The expected trend for today: Bearish
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