Midday update for Crude oil 15-08-2018

Economies.com
2018-08-15 09:35AM UTC

Crude oil price resumes its negative trading to approach 66.00$ barrier, which supports the continuation of our bearish overview in the upcoming sessions, which its next target located at 65.00, noting that the EMA50 continues to protect trading inside the bearish channel that appears on the chart, while holding below 68.06 represents key condition to continue the suggested bearish trend.

 

Expected trading range for today is between 65.00 support and 68.00 resistance.

 

Expected trend for today: Bearish

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