Midday update for Crude oil 06-05-2019
Economies.com
2019-05-06 10:11AM UTC
Crude oil price tests the resistance level that formed at 60.86 after breaking it previously, as we mentioned this morning, holding belwo this level and below 61.65 keeps the bearish trend scenario valid for today, affected by the completed negative pattern, besides the negative support that formed by the EMA50, reminding you that our next main target extends to reach 57.33.
The expected trading range for today is between 58.00 support and 61.20 resistance.
The expected trend for today: Bearish
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