Crude oil price completes the negative pattern – Analysis - 15-12-2021
Economies.com
2021-12-15 05:14AM UTC
Crude oil price confirmed breaking the neckline of the double top pattern to get negative motive that we expect to push the price to test 68.20 followed by 67.40 areas in the upcoming sessions, making the bearish bias suggested for today, supported by moving below the EMA50.
Note that breaking the last level will lead the price to suffer more losses on the longer term basis, while breaching 70.85 will release the price from the current negative pressure and lead to achieve gains that start by visiting 73.60 areas.
The expected trading range for today is between 68.00 support and 71.00 resistance.
The expected trend for today: Bearish
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