Midday update for Crude oil 19-11-2018

Economies.com
2018-11-19 10:55AM UTC

Crude oil price keeps moving around 57.46 level and still below it until now, while stochastic begins to lose the positive momentum gradually, waiting to support the price to resume the bearish trend that targets 54.75 followed by 51.46 levels on the near term basis, reminding you that the continuation of the expected decline depends on the price stability below 57.46 and 58.75 levels.

 

Expected trading range for today is between 55.00 support and 58.75 resistance.

 

Expected trend for today: Bearish

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