Midday update for Crude oil 15-12-2021
Economies.com
2021-12-15 11:47AM UTC
Crude oil price shows new negative trades to move away from the broken neckline of the double top pattern, reinforcing the expectations of continuing the bearish trend for the rest of the day, and the way is open to achieve our negative targets that start at 68.20 followed by 67.40, noting that the continuation of the bearish wave depends on the price stability below 70.85.
The expected trading range for today is between 68.00 support and 71.00 resistance.
The expected trend for today: Bearish
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