Midday update for Crude oil 06-10-2021
Economies.com
2021-10-06 09:48AM UTC
Crude oil price tested the bullish channel’s resistance and bounced downwards strongly from there, to keep the bearish trend scenario valid and active for the rest of the day, supported by stochastic negativity, to approach our first waited negative target at 77.85, and we expect break this level to head towards 76.65 as a next negative station, reminding you that the continuation of the bearish wave requires holding below 79.60.
The expected trading range for today is between 77.00 support and 80.00 resistance.
The expected trend for today: Bearish
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