Crude oil price is recovering – Analysis - 16-12-2021
Economies.com
2021-12-16 05:24AM UTC
Crude oil price traded with clear positivity to breach 70.85 and settles above it, to cancel the negative pattern mentioned in our recent reports and lead the price to achieve expected intraday gains in the upcoming sessions, and the first target is represented by testing 73.60.
Therefore, the bullish bias will be suggested for today, noting that breaking 70.85 again will put the price under negative pressure that targets visiting 67.40 areas mainly.
The expected trading range for today is between 70.00 support and 73.60 resistance.
The expected trend for today: Bullish
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