Commodities

End of day analysis for Crude oil 11-02-2019

2019-02-11 19:30:22 GMT (Economies.com)

Crude oil price managed to touch our first waited target at 51.46 and bounced bullishly from there, to hint the strength and sensitivity of this level to determine the next destination, as breaking it will push the price towards 50.00 as a next station, while holding against the negative pressure might push the price to achieve gains that start at 53.50 followed by 54.40.

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