Midday update for Crude oil 24-09-2020
Economies.com
2020-09-24 09:49AM UTC
Crude oil price approached testing 39.80 that forms intraday resistance against the price and begins bouncing bearishly from there, to keep the bearish trend scenario valid for today, supported by the negative signal provided by stochastic, waiting to visit 38.67 followed by 37.96 levels as next main stations, reminding you that the continuation of the bearish wave requires holding below 40.54.
The expected trading range for today is between 38.00 support and 40.50 resistance.
The expected trend for today: Bearish
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