Midday update for Crude oil 12-02-2019

2019-02-12 10:37:34 GMT (Economies.com)
Midday update for Crude oil 12-02-2019
 

Crude oil price hovers near the intraday bearish channel’s resistance, while stochastic shows a clear overbought signals now, waiting for resuming the bearish trend that gets a contiuous support from the EMA50, targeting 51.46 then 50.00 levels as main stations, while achieving these targets is conditioned by holding below 53.50 and the most important below 54.40.

 

The expected trading range for today is between 50.00 support and 53.50 resistance.

 

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.1265
0.0047
0.4190%
1.2685
0.0102
0.8070%
15.259
0.391
2.628%
54.718
2.208
4.205%
62.64
0.80
1.29%
1379.795
38.515
2.872%
 
 
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