Midday update for Crude oil 26-10-2018
Economies.com
2018-10-26 10:59AM UTC
Crude oil price keeps declining to approach 66.00 barrier now, reinforcing the expectations of continuing the bearish trend in the upcoming period, supported by the negative pressure formed by the EMA50, waiting to target 64.43 level as a next station, noting that breaching 67.40 will stop the expected decline and lead 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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