Midday update for Crude oil 30-11-2021
Economies.com
2021-11-30 11:24AM UTC
Crude oil price declined sharply to succeed to touch our waited target at 67.40 and presses negatively on it, to reinforce the chances of breaking this level to open the way to extend the bearish wave towards the previously recorded low at 61.83 as a next negative station, noting that failing to achieve the required break will push the price to visit 70.85 areas before detecting the next trend clearly.
The expected trading range for today is between 66.50 support and 69.50 resistance.
The expected trend for today: Bearish
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