Midday update for Crude oil 15-10-2019
Economies.com
2019-10-15 09:28AM UTC
Crude oil price resumes its negative trading to approach gradually from our initial waited target at 51.80, keeping the bearish trend scenario active for the rest of the day, pointing that surpassing the mentioned level will extend the bearish wave to reach 50.00, while the expected decline will remain valid unless breaching 54.60 level and holding above it.
The expected trading range for today is between 51.50 support and 54.60 resistance.
The expected trend for today: Bearish
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