Midday update for Crude oil 12-06-2019

2019-06-12 10:02:18 GMT (Economies.com)
Midday update for Crude oil 12-06-2019
 

Crude oil price succeeded to achieve our waited target at 51.61 and presses negatively on it now, which supports the chances of extending the bearish wave on the short term basis, paving the way to head towards 48.08 that represents our next main target, taking into consideration that failing to break the first level might push the price to achieve some intraday gains and test 54.47 areas again before any new attempt to decline.

 

The expected trading range for today is between 51.00 support and 53.50 resistance.

 

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.1045
-0.0030
0.2709%
1.2525
0.0042
0.3337%
17.795
0.344
1.971%
58.784
3.890
7.087%
64.40
0.80
1.26%
1498.645
9.665
0.649%
 
 
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