Crude oil price keeps its negative stability – Analysis - 28-10-2020
Economies.com
2020-10-28 03:40AM UTC
Crude oil price bounced downwards strongly on yesterday’s evening to close the daily candlestick below 39.35, which keeps the bearish trend scenario valid and active for the upcoming period, waiting to head towards 36.10 areas that represent our next main target.
Therefore, we are waiting for more decline today supported by stochastic and the EMA50 negativity, reminding you that it is important to hold below 39.35 to continue the expected bearish trend.
The expected trading range for today is between 37.00 support and 40.00 resistance.
The expected trend for today: Bearish
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