Midday update for Crude oil 07-10-2021
Economies.com
2021-10-07 09:28AM UTC
Crude oil price declined strongly to reach the thresholds of the extended target at 74.50, facing more negative pressure that might push the price to break the mentioned level and start bearish correction on the intraday basis, to keep the bearish bias suggested in the upcoming sessions unless the price managed to breach 76.65 and build support base above it.
The expected trading range for today is between 74.50 support and 77.00 resistance.
The expected trend for today: Bearish
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