Crude oil price consolidates below the resistance – Analysis - 12-11-2021
Economies.com
2021-11-12 05:19AM UTC
Crude oil price tested 82.35 level yesterday and bounced bearishly from there, to resume the bearish track that targets testing 79.85 level as a first station, reminding you that breaking this level will push the price to 76.40 as a next negative target.
The EMA50 and stochastic provide negative signals that support the expected decline, which will remain valid conditioned by the price stability below 82.35.
The expected trading range for today is between 79.20 support and 82.35 resistance.
The expected trend for today: Bearish
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