Crude oil price breaks the support – Analysis - 20-12-2021
Economies.com
2021-12-20 05:15AM UTC
Crude oil price opens today’s trading with clear negativity to break 70.85 and attempts to hold below it, which supports the continuation of our bearish overview efficiently on the intraday basis, paving the way to head towards our next negative target that reaches 67.40.
Therefore, we will continue to suggest the bearish trend for the upcoming period, taking into consideration that holding below 70.85 represents the first condition to continue the expected decline.
The expected trading range for today is between 68.50 support and 71.50 resistance.
The expected trend for today: Bearish
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