Commodities

Midday update for Crude oil 09-10-2019

2019-10-09 10:03:10 GMT (Economies.com)

Crude oil price shows a clear positive trading now to approach from the EMA50, where the price affected by stochastic positivity, as long as the price is below 54.60, so our bearish trend expectations will remain valid for today, where breaching this level will push the price to turn to the upside and recover on the intraday and short term basis, while the targets of the suggested bearish wave begin at 51.80 and extend to 50.00 after breaking the previous level.

 

The expected trading range for today is between 50.50 support and 53.50 resistance.

 

The expected trend for today: Bearish

 

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