End of day analysis for Crude oil 16-08-2018
Economies.com
2018-08-16 18:53PM UTC
Crude oil price continues to fluctuate around 65.00 level and shows some slight bullish bias now, noticing that stochastic loses the positive momentum clearly to reach the overbought areas, which supports the chances of bouncing bearishly to resume the expected bearish trend on the intraday and short term basis, which its next target located at 63.60, while achieving it conditions holding below 61.60.
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