Crude oil price resumes the bearish wave – Analysis - 22-09-2022
Economies.com
2022-09-22 04:05AM UTC
Crude oil price settles near 83.00$ barrier, moving within intraday bearish channel that supports the continuation of the domination of the bearish trend on the intraday and short term basis, to suggest more decline in the upcoming sessions, waiting to visit 82.00 followed by 80.00 levels as next main targets.
The EMA50 supports the continuation of the expected bearish trend, noting that breaching 85.15 followed by 85.80 levels will stop the negative scenario and push the price to 89.75 mainly.
The expected trading range for today is between 81.00 support and 85.00 resistance.
The expected trend for today: Bearish
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