Midday update for Crude oil 18-02-2020
Economies.com
2020-02-18 11:28AM UTC
Crude oil price begins the process of breaking 51.80 level to move below it now, which supports the continuation of the bearish trend scenario efficiently in the upcoming sessions, paving the way to achieve our negative targets that start at 50.00, noting that trading above 51.80 again might stop the decline and leads the price to start new recovery attempts on the intraday basis.
The expected trading range for today is between 50.00 support and 53.00 resistance.
The expected trend for today: Bearish
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