End of day analysis for Crude oil 10-08-2017
Economies.com
2017-08-10 18:48PM UTC
Crude oil price suffered sharp losses affected by the news that showed the big surplus at the US oil inventories, to decline sharply and reach the critical support 48.37, which urges caution from the upcoming trading, as breaking this level will push the rpice to continue the decline towards 46.80 before any new attempt to rise, while holding above this level will bring the price back to the main bullish track.
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