Crude oil retests again – Analysis - 14-12-2018
Economies.com
2018-12-14 05:09AM UTC
Crude oil price made new retest to the previously broken support of the bearish flag pattern and kepts its stability below it, to form key resistance that rises now to 53.40, accompanied by witnessing negative signals by stochastic, waiting to motivate the price to rebound bearishly to resume the main bearish trend.
Therefore, we will keep the overall negative scenario conditioned by the price stability below 53.40, reminding you that our next main target is located at 49.10.
Expected trading range for today is between 50.00 support and 53.40 resistance.
Expected trend for today: Bearish
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