Midday update for Crude oil 06-11-2018
Economies.com
2018-11-06 10:39AM UTC
Crude oil price shows sideways trading since morning, settling below 63.00 barrier, to keep the bearish trend scenario valid as it is without any change for today, depending on the price stability below 64.43 level, waiting to target 62.00 followed by 60.00 levels as next main stations, noting that the EMA50 continues to press negatively on the price to support the expected decline.
Expected trading range for today is between 61.00 support and 64.00 resistance.
Expected trend for today: Bearish
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