WITHOUT MOMENT WE CANT WORK PROPER OUR SYSTEM WORK IN MOMENT TIME ONLY, TECHNICAL ANALYSIS AND LEVEL R WORK ON MOMENT TIME,
Crude oil price continues to fluctuate near 44.50 level, while stochastic loses its positive momentum and approaches from providing negative overlapping signal on the four hours time frame, which forms negative factor that we wait for motivate the price to break the critical support level between 44.10 and 43.37 to confirm opening the way towards our main target at 37.73.
Therefore, we keep our bearish trend expectations unless breaching 46.85 level and holding above it.
Expected trading range for today is between 43.60 support and 45.00 resistance.
Expected trend for today: Bearish