Crude oil rebounds bearishly – Analysis - 15-08-2018
Economies.com
2018-08-15 04:17AM UTC
Crude oil price traded with strong negativity after 68.06 level proved its strength against the price’s positive attempts, to continue moving inside the bearish channel that appears on the chart, and the way is open to achieve our negative targets that begin at 65.00 and extend to 63.60.
The EMA50 keeps supporting the suggested bearish wave, which its continuation conditions holding below 68.06.
Expected trading range for today is between 65.00 support and 68.00 resistance.
Expected trend for today: Bearish
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