Midday update for Crude oil 17-12-2018
Economies.com
2018-12-17 10:29AM UTC
Crude oil price did not show any strong move since morning, to continue fluctuating near the symmetrical triangle’s support line, located at 50.80, reminding you that breaking this level is required to confirm rallying towards our waited negative target at 49.10.
In general, we will keep our bearish overview for today conditioned by the price stability below 52.90.
Expected trading range for today is between 49.10 support and 52.50 resistance.
Expected trend for today: Bearish
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