Midday update for Crude oil 19-06-2019

2019-06-19 10:23:17 GMT (Economies.com)
Midday update for Crude oil 19-06-2019
 

Crude oil price shows bearish bias now to hint the price head towards more decline for the rest of the day, and it is suggested to visit the sideways range’s support line at 51.61, while the sideways range still dominant on the intraday basis between the mentioned support and 54.47 resistance, waiting to exit this range and detect the targets clearly.

 

Note that the continuation of the bearish bias and breaking the mentioned support will push the price to suffer more losses and head towards 48.08 on the near term basis, while turning bullishly and breaching the resistance will lead the price to rally towards 57.33 initially.

 

The expected trading range for today is between 52.00 support and 55.50 resistance.

 

The expected trend for today: Sideways

 
 
 
  Symbol Last Change Chg.%
1.1028
-0.0005
0.0417%
1.2603
-0.0034
0.2655%
17.467
-0.064
0.362%
54.375
-0.438
0.798%
60.51
1.41
2.39%
1485.430
-1.755
0.118%
 
 
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