Midday update for Crude oil 16-04-2019
Economies.com
2019-04-16 09:46AM UTC
Crude oil price continues to fluctuate around 63.30 and moves below it now, to keep our bearish overview that depends on the completion of the double top pattern that appears on the chart, reminding you that our main waited target is located at 61.25, while breaching 63.75 represents the key to stop the current negative pressure and the price rally to resume the main bullish trend again.
The expected trading range for today is between 61.25 support and 64.50 resistance.
The expected trend for today: Bearish
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