Midday update for Crude oil 03-12-2019
Economies.com
2019-12-03 10:34AM UTC
Crude oil price fluctuates within sideways and tight track since morning, showing some slight bullish bias, while the EMA50 continues to press negatively on the price.
Therefore, the bearish trend scenario will remain valid for today unless breaching 57.40 and holding above it, reminding you that our first main target is located at 54.60.
The expected trading range for today is between 54.00 support and 57.40 resistance.
The expected trend for today: Bearish
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