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Crude Oil






6/6/2017 3:01:45 AM

Crude Oil - Technical Analysis: Tuesday, 06/06/2017 07:01 GMT



Crude oil price touched our first target at 47.13 and found strong support there, to show some slight bullish bias that might push the price to test the descending channel's resistance again before continuing the bearish trend.

Overall, the bearish trend will remain dominant unless surpassing 49.00 barrier and settling above it, reminding you that breaking 47.13 will push the price towards 46.00 as a next target.


Target
Risk


Support
Resistance


Trend Bearish

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