Midday update for Crude oil 21-12-2018
Economies.com
2018-12-21 10:53AM UTC
Crude oil price resumes its negative trades to start pressing on 45.46 level, waiting to break this level to confirm rallying towards 40.00 on the near term basis.
Therefore, the bearish trend scenario will remain valid as it is without any change for the upcoming period, depending on thep rice stability below 48.34, supported by the EMA50.
Expected trading range for today is between 44.00 support and 48.00 resistance.
Expected trend for today: Bearish
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