Crude oil price tests the support base – Analysis - 10-12-2021
Economies.com
2021-12-10 05:24AM UTC
Crude oil price continued to decline to test the key support base 70.85 and settles there, as it attempts to consolidate above this level, accompanied by witnessing clear positive signals through stochastic, waiting to motivate the price to resume the expected bullish trend for the upcoming period, which targets visiting 73.60 as a first positive station.
Therefore, we will keep our bullish overview conditioned by the price stability above 70.85, as breaking it will press on the price to achieve additional decline and head towards 68.55 areas initially.
The expected trading range for today is between 69.50 support and 73.00 resistance.
The expected trend for today: Bullish
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