Commodities

Midday update for Crude oil 26-11-2021

2021-11-26 10:22:20 GMT (Economies.com)

Crude oil price succeeded to achieve our extended target at 73.60 and broke it and attempts to hold below it, to open the way to extend the bearish wave to target 70.85 areas on the near term basis, to keep the bearish trend dominant in the upcoming sessions, taking into consideration that stepping above 73.60 is considered as the initial positive key to start recovery attempts and head towards 76.40 level initially.

 

The expected trading range for today is between 72.00 support and 75.00 resistance.

The expected trend for today: Bearish

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