Midday update for Crude oil 16-11-2018

Crude oil price shows new test to 57.46 level and still below it until now, which keeps the bearish trend scenario valid until now, which targets 54.75 followed by 51.46 levels as next main stations, noting that breaching 57.46 will push the price to turn to rise and target areas that start at 60.00.

Expected trading range for today is between 55.00 support and 58.00 resistance.

Expected trend for today: Bearish