Midday update for Crude oil 07-02-2019

2019-02-07 10:00:36 GMT (Economies.com)
Midday update for Crude oil 07-02-2019
 

Crude oil price hovers around the EMA50, and as long as the price is below 54.40, our bearish overview will remain valid for today, as the negative effect of the rising wedge pattern still active, waiting to resume the bearish trend that targets 51.46 as a next main station, noting that stochastic provides negative signal that supports the expectations to decline.

 

The expected trading range for today is between 51.45 support and 55.00 resistance.

 

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.1079
-0.0019
0.1676%
1.2133
-0.0021
0.1753%
16.872
-0.233
1.360%
56.197
1.397
2.550%
59.76
1.12
1.91%
1496.250
-16.015
1.059%
 
 
Live Forex Updates