End of day analysis for Crude oil 17-12-2018

Economies.com
2018-12-17 18:33PM UTC

Crude oil price managed to break 50.80 level and settles below it, to activate the negative effect of the symmetrical triangle pattern, reinforcing the expectations of continuing the bearish trend efficiently in the upcoming sessions, and the way is open to achieve our next waited target at 49.10, reminding you that it is important to hold below 52.90 to continue the expected decline.

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