Midday update for Crude oil 11-11-2021
Economies.com
2021-11-11 10:43AM UTC
Crude oil price shows slight negative traeds to crawl towards 81.00$ barrier, waiting for more decline to test 79.85 level that represents our first main target, which breaking it represents the key to rally towards 76.40 as a next correctional target.
Therefore, we will continue to suggest the bearish trend for the upcoming period unless breaching 82.35 level and holding above it.
The expected trading range for today is between 79.85 support and 82.85 resistance.
The expected trend for today: Bearish
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