Midday update for Crude oil 19-09-2019
Economies.com
2019-09-19 10:00AM UTC
Crude oil price shows some of the bullish bias now to fluctuate near 58.50, and the effect of stochastic positivity remains valid, as we mentioned this morning, the price needs to break 57.42 support level to confirm the extension of the bearish wave on the short term basis, where the next target is located at 54.60, reminding you that the stability of the mentioned support will stop the expected decline and pushes the price to achieve more of the gains that reach to 60.92 before any new negative attempt.
The expected trading range for today is between 56.00 support and 59.30 resistance.
The expected trend for today: Bearish
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