Commodities

Midday update for Crude oil 06-12-2021

2021-12-06 10:12:20 GMT (Economies.com)

Crude oil price shows some bullish bias now, affected by stochastic positivity, while we still neutral until we get clearer signal for the next trend, to continue monitoring the price behavior according to 67.40 level.

 

The contradiction between stochastic positivity and the EMA50 negativity provides another reason for neutrality. To review the details of the expected targets for the upcoming period, please check our morning report.

 

The expected trading range for today is between 65.50 support and 69.10 resistance.

The expected trend for today: Neutral

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