Crude oil price under the negative pressure – Analysis - 30-03-2020
Economies.com
2020-03-30 04:42AM UTC
Crude oil price confirmed breaking 23.50 level, starting today with additional decline that puts the price around 22.00$ level, which supports the chances of resuming the main bearish trend, which targets 20.00 barrier as a next negative station.
The EMA50 presses negatively on the price to support the expectations to decline, taking into consideration that breaching 22.80 followed by 23.70 levels will stop the negative scenario and leads the price to recover again.
The expected trading range for today is between 20.00 support and 23.70 resistance.
The expected trend for today: Bearish
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