Midday update for Crude oil 07-12-2021

Economies.com
2021-12-07 10:30AM UTC

Crude oil price succeeded to breach 70.85 level and hold above it, which supports the continuation of our bullish overview efficiently for the rest of the day, paving the way to head towards our next positive target at 73.60, noting that holding above 70.85 represents the first condition to continue the expected rise, as breaking it might press on the price to retest 68.95 areas initially before any new positive attempt.

 

The expected trading range for today is between 68.95 support and 72.00 resistance.

The expected trend for today: Bullish

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