Midday update for Crude oil 02-11-2020
Economies.com
2020-11-02 10:32AM UTC
Crude oil price provides positive trading to test the initial key resistance 34.95, which represents the first protecting factor to the continuation of the expected bearish trend scenario for the upcoming period, waiting to rebound bearishly to head towards 32.30 that represents our next main target.
Until now, the bearish trend scenario still active supported by the EMA50, unless the price rallied to breach 34.95 followed by 36.10 levels and hold above them.
The expected trading range for today is between 32.30 support and 35.60 resistance.
The expected trend for today: Bearish
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