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Crude oil price starts bullish correction – Forecast today - 12-09-2024
Crude oil price fluctuates around 67.55$ level, and we suggest starting bullish correction for the decline measured from 78.40$ to 65.51$, and the targets begin at 68.55$ that represents 23.6% Fibonacci correction level, reminding you that breaching this level will lead the price to visit 70.43$ as a next correctional station.
Therefore, we expect to witness positive trades today, noting that breaking 67.20$ will stop the positive scenario and force the price to resume the main bearish trend again.
The expected trading range for today is between 66.60$ support and 68.60$ resistance
Trend forecast: Bullish
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