Midday update for Crude oil 26-10-2020
Economies.com
2020-10-26 09:18AM UTC
Crude oil price shows additional negative trades to approach our waited target at 38.10, reinforcing the expectations of continuing the decline for the rest of the day, reminding you that surpassing this level will push the price to suffer more losses that reach 36.10, while the expected decline will remain valid unless breaching 40.50 and holding above it.
The expected trading range for today is between 37.50 support and 40.50 resistance.
The expected trend for today: Bearish
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