Crude oil price still confined – Analysis - 17-06-2019
Economies.com
2019-06-17 04:08AM UTC
Crude oil price still confined inside the sideways range that its signs appear on the chart, between 51.61 support and 54.47 resistance, thus, the sideways trading scenario will remain dominant until the price manages to exit the mentioned range.
We remind you that breaking the mentioned support will press on the price to resume the short term bearish trend, to target 48.08 level as a next main station, while breaching the resistance represents positive factor that will push the price to start recovery attempts that target 57.33 areas initially.
The expected trading range for today is between 51.00 support and 54.00 resistance.
The expected trend for today: Sideways
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