Midday update for Crude oil 17-10-2018
Economies.com
2018-10-17 09:47AM UTC
Crude oil price hovers around 72.12 level since morning, while stochastic continues to provide the negative signals, to keep the bearish trend scenario active for today, supported by the negative pressure formed by the EMA50, waiting to head towards 70.66 followed by 69.19 levels that represent our next main targets, noting that breaching 72.12 will push the price to test 73.70 before any new attempt to decline.
Expected trading range for today is between 70.00 support and 73.07 resistance.
Expected trend for today: Bearish
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