Commodities

Midday update for Crude oil 16-08-2019

2019-08-16 10:34:09 GMT (Economies.com)

Crude oil price shows more slight positive trading, but as long as the price is below 55.95, the chances will remain valid to resume the main expected bearish trend for the upcoming period, supported by stochastic loss to the positive momentum clearly, reminding you that our waited targets begin by breaking 54.47 to confirm heading towards 51.61 as a next main target.

 

The expected trading range for today is between 53.50 support and 56.50 resistance.

 

The expected trend for today: Bearish

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