Midday update for Crude oil 23-06-2017
Economies.com
2017-06-23 10:37AM UTC
Crude oil price shows sideways trading since morning settled below 43.00 barrier, to keep the bearish trend valid and active for today, supported by the negative pressure that formed by the EMA50, waiting for testing 42.20 level initially, being aware that breaking this level will push the price to head to 40.66 level directly.
Therefore, we will keep preferring the bearish trend for today unless breaching 44.10 level and holding with a daily close above it.
Expected trading range for today is between 40.66 support and 44.10 resistance.
Expected trend for today: Bearish
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