Commodities

Crude oil keeps its negative stability – Analysis - 10-08-2018

2018-08-10 03:39:55 GMT (Economies.com)

Crude oil price settles below 67.10 level, and the EMA50 forms negative pressure against the intraday trades, while stochastic begins to provide negative signals on the four hours’ time frame.

 

Therefore, these factors encourage us to continue suggesting the bearish trend in the upcoming sessions, which its targets begin at 65.00 and extend to 63.60, reminding you that holding below 68.06 represents key condition to continue the expected decline.

 

Expected trading range for today is between 65.00 support and 68.06 resistance.

 

Expected trend for today: Bearish

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