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Crude Oil






6/21/2017 4:30:20 AM

Crude Oil - Technical Analysis: Wednesday, 21/06/2017 08:30 GMT



Crude oil price continued its decline to reach our waited target at 43.00, and we notice that the price shows positive attempts now affected by the bullish momentum that appears on RSI, while the price still inside the descending channel that supports the continuation of the bearish trend in the coming period.

Thus, we expect witnessing negative trades on the intraday basis, to extend the next target to 42.00, noting that it is important to settle below 44.60 to continue the expected decline.


Target
Risk


Support
Resistance


Trend Bearish

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