Crude oil price presses on the support – Analysis - 17-11-2021

Economies.com
2021-11-17 05:35AM UTC

Crude oil price resumed its negative trades after consolidating below 81.40 level, to start pressing on 79.85 level now, waiting to break this level to confirm opening the way to head towards the next correctional level that reaches 76.40.

 

Therefore, we will continue to sugget the bearish trend for the upcoming period unless the price rallied to breach 81.40 followed by 82.30 levels and hold above them.

 

The expected trading range for today is between 78.30 support and 81.40 resistance.

The expected trend for today: Bearish

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