Midday update for Crude oil 08-02-2019
Economies.com
2019-02-08 10:41AM UTC
Crude oil price did not show any strong move since morning, to keep the bearish trend scenario valid as it is without any change, depending on the price stability below 54.40, supported by the EMA50 that forms negative pressure against the price, noting that our expected targets begin at 51.46 and extend to 50.00 after breaking the previous level.
The expected trading range for today is between 50.00 support and 54.00 resistance.
The expected trend for today: Bearish
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