Midday update for Crude oil 12-08-2019
Economies.com
2019-08-12 10:41AM UTC
Crude oil price resumes its negative trading after testing 54.47 level, supported by stochastic and the EMA50 negativity, to keep the bearish trend valid efficiently for the rest of the day, and the way is open to achieve our next main target at 51.61, reminding you that it is important to hold below 54.47 to continue the suggested decline.
The expected trading range for today is between 52.00 support and 55.20 resistance.
The expected trend for today: Bearish
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