Commodities

Midday update for Crude oil 03-12-2021

2021-12-03 11:15:47 GMT (Economies.com)

Crude oil price trades with clear positivity to breach 67.40 level and attempts to hold above it, which hints heading to attempt to recover in the upcoming sessions and head to test 70.85 areas initially, to stay aside until the price confirms its situation according to 67.40 level to confirm the next destination clearly.

 

Note that trading below this level again will reactivate the bearish trend scenario that its next main target located at 61.85.

 

The expected trading range for today is between 66.50 support and 69.50 resistance.

The expected trend for today: Neutral

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