Crude oil price resumes the rise – Analysis - 13-12-2021
Economies.com
2021-12-13 05:30AM UTC
Crude oil price resumed its positive trading to approach our first waited target at 73.60, and we expect to breach this level to open the way to head towards the next positive target that extends to 76.40.
The EMA50 continues to support the expected bullish wave, noting that breaking 70.85 will stop the suggested rise and press on the price to decline and test 68.50 areas initially before any new positive attempt.
The expected trading range for today is between 71.20 support and 74.50 resistance.
The expected trend for today: Bullish
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