Midday update for Crude oil 10-10-2019
Economies.com
2019-10-10 10:28AM UTC
Crude oil price hovers near 52.20 level since morning, and the price is under negative pressure that comes from the EMA50, therefore, our bearish trend expectations will remain valid for today, depending on the stability below 54.60 level, reminding you that we are waiting for breaking 51.80 level to confirm the extension of the bearish wave to 50.00.
The expected trading range for today is between 50.50 support and 53.50 resistance.
The expected trend for today: Bearish
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