Germany- BMW shares surrenders to the moving average negativity– Analysis – 18-9-2019

BMW price surrendered to the moving average 55 negativity recently, which settles near the resistance at 56.70, note that the stability of the price within the bearish channel levels will increase the chances for renewing the negative attempts, to keep waiting for reaching the initial target by hitting 61.55 level, then repeat the pressure on the support at 58.40.

The expected trading range for today is between 65.40 and 63.00

The expected trend for today: Bearish