Midday update for Crude oil 03-05-2019
Economies.com
2019-05-03 10:28AM UTC
Crude oil price fluctuates around the broken neckline of the negative pattern that appears on the chart and still below it, to keep the negative effect of this pattern active, supported by the negative pressure formed by the EMA50, waiting to resume the bearish wave to break 60.86 and confirm extending the bearish wave towards 57.33, reminding you that the continuation of the expected decline depends on the price stability below 63.75.
The expected trading range for today is between 59.70 support and 63.00 resistance.
The expected trend for today: Bearish
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