Crude oil price loses its gains – Analysis - 29-09-2021
Economies.com
2021-09-29 04:02AM UTC
Crude oil price keeps declining strongly to confirm targeting 73.30 level, waiting for more negative trades in the upcoming sessions, being aware that it is important to monitor the price behavior when reaching this level, as breaking it will press on the price to suffer additional losses that reach 71.05 areas.
Therefore, the bearish bias will be suggested for today unless the price managed to breach 75.25 level and hold above it, noting that breaching this level will allow the price to resume the main bullish trend and head towards 76.95 initially.
The expected trading range for today is between 72.50 support and 75.50 resistance.
The expected trend for today: Bearish
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