Crude oil price trades with clear negativity now to break 96.05 level and attempts to hold below it, which supports the continuation of the expected bearish trend scenario efficiently for the upcoming period, opening the way to head towards our negative targets that start at 92.45 and extend to 89.60, taking into consideration that the continuation of the bearish wave depends on the price stability below 98.25.

The expected trading range for today is between 93.00 support and 98.25 resistance.

Open Live Trading Account

The expected trend for today: Bearish

Previous Analysis

Next Analysis

Main

Forex

Indices

	Symbol	Last	Change	Chg.%
	EUR/USD	1.0498	-0.0092	0.8698%
The EURUSD attempts to breach – Analysis - 08-12-2022
	GBP/USD	1.2182	-0.0124	1.0042%

	Silver	22.615	-0.541	2.338%

	Oil	72.665	-8.810	10.813%
Crude oil price suffers more losses – Analysis - 08-12-2022
	Brent Oil	77.17	-2.18	2.75%

	Gold	1783.125	-12.435	0.693%
Gold price resumes the bullish bias – Analysis - 08-12-2022

Live Forex Updates

US crude stocks tumble 5 million barrels

2022-12-07 16:10:03 GMT

Dollar extends recovery amid recession warnings

2022-12-07 11:51:50 GMT

Euro extends losses after ECB bearish remarks

2022-12-07 08:21:58 GMT

Dollar extends recovery after strong data

2022-12-06 11:52:53 GMT

Risk Disclaimer: Economies.com is a financial portal that provides news and analysis about the different financial markets. The articles that we serve on the portal depend solely on the opinion and analysis of our economists which in no way are intended to incite a visitor of the website or an investor to trade or sell/buy a certain instrument. It is the responsibility of the visitor / trader only to evaluate his trading strategies and whether he is capable of trading with taking into consideration that losing all the capital invested is a possibility. The visitor should seek an independent professional financial advisor to discuss his or her trading strategies. Moreover, the provided rates for the different instruments are indicative only and cannot be used for trading purposes. Therefore, no responsibility can be imposed on Economies.com and the company operating the portal for any loss of money that may occur to the visitor by using the website.