Midday update for Crude oil 16-10-2019
Economies.com
2019-10-16 10:04AM UTC
Crude oil price shows slight negative trading now in attemot to head to resume the expected bearish trend for today, and its main initial target at 51.80, pointing that stochastic provides negative signal that supports the expectations for moving lower, while holding below 54.60 represnts an important condition for achieving the waited targets.
The expected trading range for today is between 51.00 support and 54.00 resistance.
The expected trend for today: Bearish
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