Midday update for Crude oil 09-11-2018
Economies.com
2018-11-09 10:49AM UTC
Crude oil price succeeded to touch our waited target at 60.00 and breaks it to move below it now, which supports the expectations of extending the bearish wave on the short term basis, paving the way to head towards our next main target at 58.50.
Therefore, we will continue to suggest the bearish trend for today conditioned by the price stability below 62.40.
Expected trading range for today is between 59.00 support and 61.50 resistance.
Expected trend for today: Bearish
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