End of day analysis for Crude oil 10-10-2018
Economies.com
2018-10-10 19:07PM UTC
Crude oil price faced strong negative pressure to break 73.94 level and settles below it, forming negative pattern that supports the chances of extending the correctional bearish wave on the intraday and short term basis, targeting visiting 72.12 level initially.
Therefore, the bearish bias will be suggested in the upcoming sessions as long as the daily close remains below 73.94, noting that breaking 72.12 will push the price towards 70.66 as a next station.
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