End of day analysis for Crude oil 07-12-2018
Economies.com
2018-12-07 19:06PM UTC
Crude oil price traded with strong positivity to breach 52.50 level and tests 54.00$ barrier, but it rebounds bearishly to settle near the first level, noticing that stochastic begins to overlap negatively to support the chances of resuming the main bearish trend.
Therefore, we will continue to suggest the bearish trend unless the price closed today’s trading above 52.50, reminding you that our next main target is located at 49.10.
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