Midday update for Crude oil 22-10-2018
Economies.com
2018-10-22 09:40AM UTC
Crude oil price shows some slight bulilhs bias since morning, while stochastic continues to move near the overbought areas, to keep our bearish overview for today conditioned by the price stability below 70.66, supported by the negative pressure formed by the EMA50, reminding you that we need to break 69.19 level to open the way to head towards 66.85 that represents our next main target.
Expected trading range for today is between 67.50 support and 70.66 resistance.
Expected trend for today: Bearish
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