Crude oil price awaits the break – Analysis - 15-11-2021
Economies.com
2021-11-15 05:32AM UTC
Crude oil price fluctuates at 79.85 level, and the EMA50 forms a continuous negative pressure on the price, waiting for motivating the price to break this level to rally towards our next correctional target that reach to 76.40, to keep our bearish trend expectations in the upcoming period.
On the other hand, you should be aware that breaching 81.70 then 82.30 levels will stop the expected bearish correctional trend and leads the price to regain the main bullish trend.
The expected trading range for today is between 78.50 support and 81.40 resistance.
The expected trend for today: Bearish
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