Midday update for Crude oil 16-11-2023
Economies.com
2023-11-16 10:33AM UTC
Crude oil price is testing the broken minor support line that appears on the chart, and as long as the price is below 77.86, the bearish trend scenario will remain valid for today, supported by the EMA50 that presses negatively on the price, reminding you that our main waited target reaches 73.73.
The expected trading range for today is between 74.40 support and 77.50 resistance.
The expected trend for today: Bearish
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