Crude oil price gets new negative signals – Analysis - 21-07-2021
Economies.com
2021-07-21 04:40AM UTC
Crude oil price tested 67.45 level and kept its stability below it, noticing that stochastic overlaps negatively now, to motivate the price to resume the negative trades and head to attack 65.20 initially, noting that breaking this level will open the way to head towards 62.90 followed by 61.55 levels as next main targets.
Therefore, we will continue to suggest the bearish trend for the upcoming period unless breaching 67.45 and holding above it.
The expected trading range for today is between 65.00 support and 68.00 resistance.
The expected trend for today: Bearish
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