Crude oil price suffers sharp losses – Analysis - 24-05-2019
Economies.com
2019-05-24 00:44AM UTC
Crude oil price declined strongly yesterday after confirming forming the double top pattern that appears in the image, which supports the chances for extending the bearish correctional wave, to surpass 57.33 level and to reach to 54.47 as a next main station.
Therefore, we prefer the continuation of the bearish trend domination in the upcoming period unless breaching 60.00 then 60.86 levels and holding above them.
The expected trading range for today is between 56.00 support and 60.00 resistance.
The expected trend for today: Bearish
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