Crude oil price presses on the support – Analysis - 01-12-2020
Economies.com
2020-12-01 05:00AM UTC
Crude oil price continues to press on 44.70 level, waiting to break this level to confirm opening the way to start the correctional bearish wave that its first target located at 43.25, to continue suggesting the bearish trend for the upcoming period supported by forming bearish pattern that its signs appear on the chart.
On the other hand, we should note that breaching 45.55 will stop the expected decline and leads the price to resume the main bullish trend without the need to the mentioned bearish correction.
The expected trading range for today is between 43.25 support and 46.00 resistance.
The expected trend for today: Bearish
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