Midday update for Crude oil 11-02-2021
Economies.com
2021-02-11 10:16AM UTC
Crude oil price fluctuates around the negative pattern’s support line that its signs appear on the chart, and the correctional bearish scenario still suggested for today as long as 58.90 level remains intact, noting that the price needs a confirmed break to 58.35 level to reinforce the chances of rallying towards our waited negative target at 57.17.
The expected trading range for today is between 56.50 support and 60.00 resistance.
The expected trend for today: Bearish
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