Commodities

Midday update for Crude oil 11-02-2019

2019-02-11 10:30:27 GMT (Economies.com)

Crude oil price shows sideways trading since morning to fluctuate around 52.50 level now, and as long as the price is below 53.50, the negative pressure will remain active for today, supported by stochastic negativity, reminding you that our waited targets begin at 51.46 followed by 50.00.

 

The expected trading range for today is between 50.00 support and 53.00 resistance.

 

The expected trend for today: Bearish

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