Crude oil resumes the decline – Analysis - 13-12-2018
Economies.com
2018-12-13 05:04AM UTC
Crude oil price provided negative trading yesterday to break 51.46 level and closes the daily candlestick below it, which supports the continuation of our bearish overview efficiently on the intraday and short term basis, and we believe that the chances are valid to head towards 49.10 that represents our next main target.
The EMA50 continues to support the suggested bearish wave, which its continuation conditions holding below 52.85 and the most important below 54.54.
Expected trading range for today is between 49.10 support and 52.85 resistance.
Expected trend for today: Bearish
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