Midday update for Crude oil 07-12-2022
Economies.com
2022-12-07 11:02AM UTC
Crude oil price attempts to break 73.64 level, to hint heading to resume the main bearish trend and suffer more loses, but we need to get a daily close below the mentioned level to confirm rallying towards 70.00 as a next negative target.
Therefore, we will continue with our neutrality will remain valid until the price confirms breaking 73.64 support or breaching 74.90 resistance.
The expected trading range for today is between 72.20 support and 76.50 resistance.
The expected trend for today: Neutral
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