Midday update for Crude oil 13-07-2020
Economies.com
2020-07-13 09:14AM UTC
Crude oil price crawls downwards calmly to move below 40.00$ barrier, and stochastic continues to provide the negative signals, waiting for more decline in the upcoming sessions to achieve our negative targets that start at 37.50 and extend to 36.10, to continue suggesting the bearish trend unless the price rallied to breach 40.80 level and hold with a daily close above it.
The expected trading range for today is between 38.00 support and 41.50 resistance.
The expected trend for today: Bearish
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