Crude oil suffers more losses – Analysis - 09-11-2018
Economies.com
2018-11-09 04:51AM UTC
Crude oil price shows more bearish bias to approach our main waited target at 60.00, and it keeps moving inside the bearish channel, supported by the negative pressure that comes by the EMA50, waiting to surpass the mentioned level to confirm extending the bearish wave towards 58.50 areas on the near term basis.
Therefore, the bearish trend will remain dominant in the upcoming period unless breaching 62.40 level and holding above it.
Expected trading range for today is between 59.00 support and 61.50 resistance.
Expected trend for today: Bearish
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