Midday update for Crude oil 20-12-2021
Economies.com
2021-12-20 11:04AM UTC
Crude oil price managed to touch our waited target at 67.40 and attempts to break it, to support the chances of extending the bearish wave on the intraday and short term basis, noting that breaking this level will push the price to 65.60 as a next main target, while failing to break 67.40 will lead the price to start recovery attempts that target testing 70.85 level initially.
The expected trading range for today is between 67.00 support and 69.60 resistance.
The expected trend for today: Bearish
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