Crude oil price within sideways track – Analysis - 10-05-2019
Economies.com
2019-05-10 01:04AM UTC
Crude oil price fluctuates within sideways track between the key support 60.86 and the EMA50, and as long as the price is below 62.60, our bearish overview will remain valid for the upcoming period, reminding you that breaking the mentioned support will push the price towards 57.33 as a next main station.
On the other hand, we should note that breaching 62.60 will stop the correctional bearish wave and push the price to achieve gains that start at 65.00 and extend to 66.60.
The expected trading range for today is between 59.70 support and 62.60 resistance.
The expected trend for today: Bearish
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