Midday update for Crude oil 28-11-2018
Economies.com
2018-11-28 11:42AM UTC
Crude oil price approached testing the key resistance 52.60 level and bounced bearishly to move below 52.00 barrier, to keep the bearish trend scenario active for today, supported by the EMA50 and stochastic negativity, waiting to target 50.00 followed by 49.10 levels, noting that breaching 52.60 might lead the price to achieve gains that reach 57.46 before any new attempt to decline.
Expected trading range for today is between 50.00 support and 53.50 resistance.
Expected trend for today: Bearish
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