End of day analysis for Crude oil 16-08-2019

2019-08-16 18:57:57 GMT (

Crude oil price attempted to break 54.47 level but without managing to hold below it until now, waiting to confirm the berak to reinforce the chances of extending the bearish wave towards 51.61, to keep our bearish overview that gets support by stochastic negativity, while holding below 55.95 represents initial condition to continue the expected decline.

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