Crude oil price begins with new negativity – Analysis - 23-11-2021
Economies.com
2021-11-23 05:23AM UTC
Crude oil price opens today’s trading with new decline to move below 76.40, reinforcing the expectations of the correctional bearish trend domination, paving the way to head towards our next negative target that reaches 73.60.
The EMA50 and stochastic provide negative signals that support the expected decline, taking into consideration that failing to consolidate below 76.40 will lead the price to start intraday recovery attempts that target testing 78.90 areas initially.
The expected trading range for today is between 74.50 support and 77.30 resistance.
The expected trend for today: Bearish
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