Midday update for Crude oil 09-04-2021
Economies.com
2021-04-09 10:05AM UTC
Crude oil price still stable below 59.85, and begins providing calm negative trades to move away gradually from the mentioned level, supported by the negative signal provided by stochastic, besides the negative pressure formed by the EMA50, waiting to head towards 57.25 followed by 54.85 as next main stations, reminding you that it is important to hold below 59.85 and 60.25 levels to continue the expected decline.
The expected trading range for today is between 58.00 support and 60.70 resistance.
The expected trend for today: Bearish
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