Midday update for Crude oil 13-09-2018
Economies.com
2018-09-13 09:43AM UTC
Crude oil price falls under negative pressure to break 69.74 level now, which opens the way towards a potential visit to 68.73 level and might extend to 67.91 before resuming the bearish trend.
Therefore, the price might witness more decline for the rest of the day unless it managed to step above 69.74 level and hold above it again, while the decline will be confirmed after closing the next four hours’ candlestick below the mentioned level.
Expected trading range for today is between 68.73 support and 71.80 resistance.
Expected trend for today: Bearish for the rest of the day
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