Midday update for Crude oil 25-10-2018

Economies.com
2018-10-25 09:57AM UTC

Crude oil price shows some slight bullish bias on its way towards new test to 67.40 level, and the price needs to hold below this level to continue the bearish trend on the intraday and short term basis, waiting to target 64.43 level that represents our next main station, noting that breaching 67.40 will push the price to achieve gains that start at 69.19.

 

Expected trading range for today is between 64.50 support and 67.50 resistance.

 

Expected trend for today: Bearish

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