Crude oil resumes the decline – Analysis - 02-01-2019
Economies.com
2019-01-02 04:50AM UTC
Crude oil price managed to close the last daily candlestick below 45.46, which supports the continuation of our bearish overview efficiently in the upcoming period, supported by the negative pressure coming by the EMA50, waiting for more decline that its next main target located at 40.00, noting that holding below 46.30 is important to continue the expected bearish trend.
Expected trading range for today is between 43.00 support and 46.30 resistance.
Expected trend for today: Bearish
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