![(24 JULY 2017)CRUDE OIL (in USD):Renewed bearish pressures. (24 JULY 2017)CRUDE OIL (in USD):Renewed bearish pressures.](https://c.mql5.com/6/781/splash-703491.jpg)
(24 JULY 2017)CRUDE OIL (in USD):Renewed bearish pressures.
24 July 2017, 13:58
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Renewed bearish pressures.
(By Yann Quelenn )
• Crude oil is trading lower. Hourly support is
given at 43.65 (10/07/2017 low). Strong
resistance given at 48.42 (05/06/2017). Expected
to show continued weakness.
• In the long-term, crude oil has recovered after
its sharp decline last year. However, we consider
that further weakness are very likely. Strong
support lies at 35.24 (05/04/2016) while
resistance can now be found at 55.24
(03/01/2017 high).