Crude oil price achieves strong gains – Analysis - 22-12-2021
Economies.com
2021-12-22 05:36AM UTC
Crude oil price continued to rise to close the daily candlestick above 70.85 level, which stops the recently suggested negative scenario and lead the price to turn to rise, on its way to visit 73.60 as a next main target.
Therefore, the bullish bias will be suggested for today, taking into consideration that breaking 70.85 and holding below it will put the price under the negative pressure again, to head towards 67.40 areas initially.
The expected trading range for today is between 70.00 support and 73.00 resistance.
The expected trend for today: Bullish
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