Commodities

Midday update for Crude oil 13-10-2021

2021-10-13 09:39:39 GMT (Economies.com)

Crude oil price shows bearish bias now to test 80.00$ barrier, waiting for more decline to visit 79.40 that represents our first target, noting that we expect the extension of the bearish wave to reach 77.70 as a next station, while holding below 81.20 represents key condition to continue the expected decline.

 

The expected trading range for today is between 78.80 support and 81.50 resistance.

The expected trend for today: Bearish

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