Crude oil price tests the resistance again – Analysis - 20-06-2019

2019-06-20 04:42:50 GMT (Economies.com)
Crude oil price tests the resistance again – Analysis - 20-06-2019
 

Crude oil price returns to test the sideways range’s resistance at 54.47 after finding good support formed by the EMA50, which urges caution from the upcoming trading, as breaching the mentioned level will push the price to achieve more gains and head towards 57.33 as a next main station.

 

Until now, the sideway range still valid on the intraday basis until the price manages to breach 54.47 resistance or break 51.61 support, noting that breaking this support will press on the price to continue the correctional bearish track that its next target located at 48.08.

 

The expected trading range for today is between 53.00 support and 56.00 resistance.

 

The expected trend for today: Sideways

 
 
 
  Symbol Last Change Chg.%
1.1257
-0.0016
0.1379%
1.2498
-0.0077
0.6119%
15.431
0.213
1.398%
59.453
-0.879
1.457%
66.45
-0.03
0.05%
1413.600
-1.895
0.134%
 
 
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