Commodities

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

2019-08-16 18:57:57 GMT (Economies.com)

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.

More Analysis

Risk Disclaimer : Enzious Limited would like to remind you that the data provided in this site is not necessarily in real time or accurate. All stock prices, indices, futures and foreign exchange rates are not provided by exchanges but by market makers, so prices may not be accurate, may differ from the price of the actual market, which means that the quotes represent an indication and are not suitable for commercial purposes. Therefore Enzious Limited does not assume any responsibility for any business losses that may be incurred as a result of the use of this data.