Midday update for Crude oil 12-11-2018
Economies.com
2018-11-12 10:26AM UTC
Crude oil price begins to rebound bearishly after testing the bearish channel’s resistance that appears on the chart, accompanied by stochastic reach to the overbought areas, which supports the expectations of resuming the bearish trend for today, which targets 58.00 areas mainly, reminding you that it is important to hold below 61.60 to continue the expected decline.
Expected trading range for today is between 59.00 support and 62.00 resistance.
Expected trend for today: Bearish
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