Crude oil price achieves more bearish correction – Analysis - 10-03-2021
Economies.com
2021-03-10 05:16AM UTC
Crude oil price found solid resistance at 65.80, to rebound downwards strongly and break 64.55 level and settles below it, which put the price under additional correctional negative pressure for the upcoming period, as it completed forming bearish pattern that has negative targets that reach 61.25.
Therefore, the bearish bias will be suggested for today, noting that breaching 64.55 represents initiali positive factor that will allow the price to attempt to regain the main bullish trend again.
The expected trading range for today is between 62.00 support and 64.55 resistance.
The expected trend for today: Bearish
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