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Crude Oil






3/10/2017 1:43:22 AM

Crude Oil - Technical Analysis: Friday, 10/03/2017 06:43 GMT



Crude oil price broke 61.8% Fibonacci correction level at 49.66 and settled below it, to fall under more negative pressure that makes us expect the continuation of the decline towards the next target at 47.95.

Thus, the bearish trend will remain dominant on the coming trades, noting that surpassing 51.05 then 52.44 barriers will allow the price to be released from the current negative pressure and turn back to the main bullish trend again.


Target
Risk


Support
Resistance


Trend Bearish

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