Midday update for Crude oil 06-12-2022

Crude oil price resumes its negative trading clearly to achieve our first target at 76.30 and attempts to break it, reinforcing the expectations of continuing the domination of the bearish trend for the rest of the day, which its next target located at 75.00, waiting for more decline in the upcoming sessions unless the price rallied to breach 78.20 and hold above it.

The expected trading range for today is between 75.50 support and 79.00 resistance.

The expected trend for today: Bearish