Midday update for Crude oil 20-11-2023

Economies.com
2023-11-20 09:49AM UTC

Crude oil price attempts to confirm breaching the bearish channel’s resistance, to support the continuation of the expected bullish trend for today, which its targets begin at 77.86, noting that breaching this level will extend the bullish wave to reach 79.60 as a next positive station.

 

On the other hand, it is important to note that breaking 76.35 and holding below it will push the price back to the bearish track, to head towards visiting 73.73 mainly.

 

The expected trading range for today is between 75.40 support and 78.40 resistance.

 

The expected trend for today: Bullish

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