Crude oil price tests the support – Analysis - 08-05-2019
Economies.com
2019-05-08 01:38AM UTC
Crude oil price begins testing the key support 60.86, and it needs to break this level to confirm the continuation of the expected bearish trend on the intraday and short term basis, organized inside the bearish channel that appears on the chart, reminding you that our next main target is located at 57.33.
Therefore, we will continue to suggest the bearish trend for today unless breaching 62.60 level and holding above it.
The expected trading range for today is between 59.50 support and 62.60 resistance.
The expected trend for today: Bearish
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