Negative motivation for crude oil prices(20201027)

Crude oil price

crude oilPrice touched a few days ago38.10After reaching a certain level, it shows some slight bullish bias, influenced by random positive factorsEMA50Continue to exert negative pressure on prices and wait for the expected bearish trend to recover for the next period, which is the next major objective36.10。


maintain at39.35The following is important for continuing the expected decline, as breaking through this level will stop the suggested negative scenario and drive prices up and achieve40.85and41.70The increase in price.


The expected trading range for today is within37.00support and40.00Between resistance.


Today's expected trend: bearish