Crude oil price achieves the first target – Analysis - 13-10-2021

2021-10-13 04:27:58 GMT (Economies.com)
 

Crude oil price succeeded to reach our first waited target at 79.40 yesterday, preparing to resume the negative trading that its targets extend to 77.70, as the price forms negative pattern that its signs appear on the chart, to support the expectations to decline.

 

Therefore, the bearish trend will remain valid and active for today, taking into consideration that the continuation of the bearish wave requires holding below 81.20.

 

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

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.1292
0.0049
0.4339%
1.3338
-0.0068
0.5042%
Tadawul
11299.45
-68.73
0.60%
23.648
-0.839
3.428%
74.176
-1.674
2.207%
77.55
-4.71
5.73%
1808.835
-9.000
0.495%
 
 
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