Commodities

Midday update for Crude oil 10-08-2018

2018-08-10 10:54:23 GMT (Economies.com)

Crude oil price keeps its stability below 67.10 level, and the EMA50 continues to press negatively on the price, to keep the bearish trend scenario valid as it is without any change for today, which its next target located at 65.00, noting that breaching 68.06 will stop the expected decline and lead the price to achieve positive targets that start at 69.44 followed by 70.82.

 

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

 

Expected trend for today: Bearish

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