Midday update for Crude oil 12-09-2019
Economies.com
2019-09-12 09:59AM UTC
Crude oil price resumes its negative trading to move away from the EAM50, reinforcing the expectations of the bearish trend continuation for the rest of the day, and its next main target at
54.47, pointing that breaking this level will extend the bearish wave to reach 51.61 on the near term basis, while the expected decline will remain valid unless breaching 57.33 and holding above it.
The expected trading range for today is between 54.00 support and 58.00 resistance.
The expected trend for today: Bearish
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