Crude oil price attempts to breach – Analysis - 21-11-2023
Economies.com
2023-11-21 04:10AM UTC
Crude oil price attempts to breach 77.86 level and finds solid resistance there, waiting to get positive momentum that assist to push the price to confirm the breach and open the way to rally towards 79.60 followed by 81.20 levels that represent the next positive targets.
The EMA50 provides the positive support to the price, to continue suggesting the bullish trend for the upcoming period conditioned by the price stability above 77.25, as breaking this level represents negative factor that will push the price to decline towards 75.85 initially.
The expected trading range for today is between 76.50 support and 79.50 resistance.
The expected trend for today: Bullish
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