Crude oil price gets the required negative close – Analysis - 30-11-2021

Crude oil price succeded to break 70.85 level and close the daily candlestick below it, to confirm the continuation of the bearish wave that its next target at 67.40, reminding you that breaking this level will push the price to visit the previously recorded bottom at 61.83.

Therefore, the negative pressure will remain the dominant in the upcoming sessions, being aware that breaching 70.85 and holding above it will lead the price to achive intraday gains that targets 73.60 levels initially before any new attempt to decline.

The expected trading range for today is between 68.50 support and 72.00 resistance.

The expected trend for today: Bearish