Midday update for Crude oil 02-12-2022

Economies.com
1 month ago

Crude oil price faces additional negative pressure to attempt to break 81.00 level now, which urges caution from the upcoming trading, as confirming the breaking will press on the price to suffer additional losses and test 79.50 before any new attempt to rise, while consolidating above it will push the price to resume the bullish wave that its next target located at 83.27.

 

The expected trading range for today is between 80.00 support and 83.27 resistance.

The expected trend for today: Bullish

Commodities News

Commodities Technical Analysis