Midday update for Crude oil 26-02-2020
Economies.com
2020-02-26 10:54AM UTC
Crude oil price succeeded to achieve our waited target at 49.40 and presses negatively on it in attempt to break it, which supports the expectations of extending the bearish wave on the short term basis, reminding you that our next target reaches 48.27, while the expected decline will remain valid unless breaching 51.30 level and holding above it.
The expected trading range for today is between 48.50 support and 51.30 resistance.
The expected trend for today: Bearish
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