Update: Crude oil price tests the resistance
Economies.com
2019-05-08 18:07PM UTC
Crude oil price returns to test the bearish channel’s resistance, noticing that the EMA50 forms negative pressure against the price to protect the expected bearish trend scenario for the upcoming period, which its targets begin by breaking 60.86 to confirm extending the bearish wave towards 57.33, while holding below 62.60 represents key condition to continue the expected decline.
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