Midday update for Crude oil 09-08-2018
Economies.com
2018-08-09 09:20AM UTC
Crude oil price tests 67.10 level and keeps its stability below it, which keeps the bearish trend scenario active for today, depending on breaking the bearish channel’s support line that appears on the above chart, waiting to target 65.00 followed by 63.60 levels as next main stations, reminding you that breaching 68.06 will stop the expected decline and lead the price to regain the main bullish trend again.
Expected trading range for today is between 65.00 support and 68.40 resistance.
Expected trend for today: Bearish
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