Midday update for Crude oil 19-02-2021
Economies.com
2021-02-19 10:44AM UTC
Crude oil price keeps its stability below the broken support of the minor bullish channel, to keep the bearish trend scenario active for today, which its main target located at 57.55, reminding you that the expected decline for today is temporary, expecting to resume the bullish trend after touching the mentioned target, while breaching 60.40 will push the price to regain the bullish trend and stop the current negative pressure.
The expected trading range for today is between 57.55 support and 60.70 resistance.
The expected trend for today: Bearish temporarily
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