Midday update for Crude oil 05-11-2021
Economies.com
2021-11-05 10:43AM UTC
Crude oil price keeps its stability below 79.85 level, to keep the correctional bearish scenario active for today, supported by the negative pressure formed by the EMA50, waiting to head towards the next correctional level at 76.40, noting that breaching 79.85 followed by 80.65 levels will stop the expected decline and lead the price to regain the main bullish trend again.
The expected trading range for today is between 78.00 support and 81.00 resistance.
The expected trend for today: Bearish
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