Midday update for Crude oil 07-11-2019
Economies.com
2019-11-07 10:26AM UTC
Crude oil price shows new positive trades to approach testing 57.40 level, which urges caution from the upcoming trading, as the continuation of the bullish bias and breaching this level will stop the intraday bearish scenario and push the price to achieve additional gains that extend to 60.92, while the price needs to break 56.00 to ease the mission of heading towards the main expected target of the bearish wave at 54.60.
The expected trading range for today is between 54.60 support and 57.40 resistance.
The expected trend for today: Bearish
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