yesterday profit 45 point sell crudeoil given 2755 tgt hit 2710 only one call from hnicrudecall.com

Crude oil price suffers strong loses yesterday evening to begin to push on 40.00 level, without holding below it until now, showing sideways trading affected by stochastic positivity, while the EMA50 keeps pushing negatively on the intraday and short term trading, which supports the expectations of the overall bearish trend continuation.

 

Therefore, we believe that the way open towards our main waited target at 37.73, which represents the heading key towards the historical bottom at 35.13, while the bearish trend will remain valid and active unless breaching 43.37 level an holding above it.

 

Expected trading range for today is between 37.73 support and 42.00 resistance.

 

Expected trend for today: Bearish

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