Midday update for Crude oil 10-07-2020
Economies.com
2020-07-10 10:55AM UTC
Crude oil price provides more negative trading to support the expectations of continuing the bearish trend in the upcoming sessions, and the way is open to achieve our waited targets that start at 37.50 and extend to 36.10, noting that the EMA50 forms negative pressure to support the suggested decline, which will remain valid conditioned by the price stability below 40.40 and the most important below 40.80.
The expected trading range for today is between 37.50 support and 40.80 resistance.
The expected trend for today: Bearish
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