Crude oil price suffers sharp losses – Analysis - 17-07-2019
Economies.com
2019-07-17 03:00AM UTC
Crude oil price’s last decline stopped at the key support 57.33, which shows the strength of this level against the negative attempts, to hitn achieving expected gains and recover in the upcoming sessions, supported by stochastic current positivity.
Therefore, we believe that the chances are valid to rise today, and the main targets begin at 59.35 and extend to 60.86, noting that breaking 57.33 will stop the suggested rise and press on the price to suffer more losses on the short term basis.
The expected trading range for today is between 56.50 support and 59.35 resistance.
The expected trend for today: Bullish
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