Midday update for Crude oil 16-10-2018
Economies.com
2018-10-16 09:40AM UTC
Crude oil price trades with clear negativity to approach our first waited target at 70.66, which supports the continuation of our bearish overview in the upcoming sessions, reminding you that breaking this level will push the price towards 69.19 as a next main target, while holding below 72.12 represents the first condition to continue the expected decline.
Expected trading range for today is between 70.00 support and 73.07 resistance.
Expected trend for today: Bearish
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