Midday update for Crude oil 13-10-2021

Economies.com
2021-10-13 09:39AM UTC

Crude oil price shows bearish bias now to test 80.00$ barrier, waiting for more decline to visit 79.40 that represents our first target, noting that we expect the extension of the bearish wave to reach 77.70 as a next station, while holding below 81.20 represents key condition to continue the expected decline.

 

The expected trading range for today is between 78.80 support and 81.50 resistance.

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The expected trend for today: Bearish

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