Crude oil price declines calmly – Analysis - 27-11-2020
Economies.com
2020-11-27 05:00AM UTC
Crude oil price fluctuates within tight track since yesterday, moving within minor bearish channel that supports the chances of achieving more intraday decline, reminding you that the expected bearish bias is temporary, waiting to test 44.25 and might extend to 43.75 levels before turning back to rise again.
Therefore, we suggest witnessing more decline in the upcoming sessions, noting that breaching 45.85 will stop the expected decline and push the price to rise again.
The expected trading range for today is between 43.75 support and 45.85 resistance.
The expected trend for today: Bearish temporarily
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