Midday update for Crude oil 20-07-2018
Economies.com
2018-07-20 11:39AM UTC
Crude oil price settles at the critical support at 68.06, waiting for breaking it to confirm the extension of the bearish wave towards our next target at 66.00.
The EMA50 continue the negative pressure on the price to support the continuation of the expected bearish trend, which will remain valid unless breaching 69.44 level and holding above it.
Expected trading range for today is between 66.00 support and 69.44 resistance.
Expected trend for today: Bearish
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