Crude oil price is retesting – Analysis - 21-12-2021
Economies.com
2021-12-21 05:07AM UTC
Crude oil price trades with clear positivity since testing 67.40 level, to retest the previously broken support of the double top pattern that appears on the chart, accompanied by stochastic entering the overbought areas, to expect motivating the price to resume the negative trades and attack 67.40 level to open the way to head towards 65.60 as a next negative target.
Therefore, the bearish bias will be suggested for today unless the price rallied to breach 69.35 followed by 70.85 levels and hold above them.
The expected trading range for today is between 67.40 support and 70.80 resistance.
The expected trend for today: Bearish
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