Midday update for Crude oil 10-11-2021
Economies.com
2021-11-10 11:52AM UTC
Crude oil price faces negative pressure to move below the bullish channel’s support line, and it needs to get positive momentum that assist to push the price to rise again and resume the main bullish trend, which its next target located at 85.40, taking into consideration that the continuation of the decline and breaking 82.70 will stop the positive scenario and press on the price to return to the correctional bearish track again.
The expected trading range for today is between 82.70 support and 86.00 resistance.
The expected trend for today: Bullish
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