Crude oil continues to fluctuate – Analysis - 23-10-2018
Economies.com
2018-10-23 04:11AM UTC
Crude oil price hovers around 69.19 level since yesterday, and the price falls under continuous negative pressure coming by the EMA50, while stochastic begins to lose the positive momentum gradually.
Therefore, we believe that the chances are valid to resume the bearish trend in the upcoming sessions, which its next main target located at 66.85, while achieving it conditions holidng below 70.66.
Expected trading range for today is between 67.00 support and 70.66 resistance.
Expected trend for today: Bearish
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