Midday update for Crude oil 02-03-2020
Economies.com
2020-03-02 10:30AM UTC
Crude oil price keeps its stability below the intraday bearish channel’s resistance line, while stochastic approaches to provide negative overlapping signal, waiting to motivate the price to resume the expected bearish trend for the upcoming period, which its next main target located at 43.00, supported by the negative pressure formed by the EMA50, reminding you that it is important to hold below 46.60 to continue the expected decline.
The expected trading range for today is between 44.00 support and 47.30 resistance.
The expected trend for today: Bearish
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