Midday update for Crude oil 08-10-2018

2018-10-08 09:38:41 GMT (Economies.com)
Midday update for Crude oil 08-10-2018
 

Crude oil price resumes its negative trades to move away from 23.6% Fibonacci correction level, on its way towards our main waited target at 72.12, falling under negative pressure formed by the EMA50, waiting for more decline for the rest of the day unless we witnessed clear breach and hold above 74.35.

 

Expected trading range for today is between 72.10 support and 75.00 resistance.

 

Expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.1584
0.0039
0.3391%
1.3157
0.0070
0.5349%
14.703
0.106
0.726%
71.710
0.227
0.317%
80.79
0.36
0.45%
1227.240
9.580
0.787%
 
 
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