Midday update for Crude oil 21-10-2019
Economies.com
2019-10-21 10:08AM UTC
Crude oil price returns to decline after the slight rise that witnessed this morning, therefore, our bearish trend expectations will remain active for today, depending on the stability below 54.60 level, waiting for testing 51.80 level initially, reminding you that breaking this level will extend the bearish wave to reach 50.00 as a next main station.
The expected trading range for today is between 51.80 support and 54.60 resistance.
The expected trend for today: Bearish
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