Midday update for Crude oil 13-12-2018

Crude oil price fluctuates around 51.46 level and still below it, to keep the negative pressure dominant on the intraday and short term trading, waiting for more decline for the rest of the day, as our next target is located at 49.10, reminding you that the continuation of the expeted bearish trend depends on the price stability below 52.85 and the most important below 54.54.

Expected trading range for today is between 49.10 support and 52.85 resistance.

Expected trend for today: Bearish