Commodities

Midday update for Crude oil 23-08-2019

2019-08-23 10:19:22 GMT (Economies.com)

Crude oil price didn’t show any strong move since morning, to keep fluctuating near the EMA50, therefore, there is no change on the bearish trend scenario, depending on the stability below 57.33 level, while its initial main target at 54.47.

 

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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