Crude oil tests the support – Analysis - 13-06-2018

Economies.com
2018-06-13 00:47AM UTC

Crude oil price tests the key support 65.50 now, and the price still confined between the trend keys represented by the mentioned support and the resistance line that rises to 66.85, and as we mentioned in our recent reports, the price needs to breach one of these levels to detect its next targets clearly.

 

We remind you that breaking the mentioned support will put the pirce under negative pressure that its targets begin at 63.78 and extend to 61.64, while breaching the resistance will lead the price to achieve gains that reach 69.36 on the near term basis.

 

Expected trading range for today is between 64.00 support and 67.22 resistance.

 

Expected trend for today: Depends on the above mentioned levels

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