Meanwhile, crude oil prices are entering the upper boundary of critical support which is a range between 52.08 – 50.41. This follows a prolonged downtrend since the middle of September after finding a top just under 63.32. Bearish-contrarian crude oil signals suggest that the commodity may continue sinking deeper into support. If the lower boundary at 50.41 is taken out, that may open the door to testing 49.13.
Trade active:
1 TARGET 55.68
Comment:
2nd TARGET 58.03
Trade closed manually:
didn't reach target
