Midday update for Crude oil 21-12-2021
Economies.com
2021-12-21 10:46AM UTC
Crude oil price rebounds bearishly after retesting 69.35 level, motivated by the negative signal provided by stochastic, waiting for more decline to test 67.40 initially, reminding you that breaking this level will push the price to 65.60 as a next main station, while the continuation of the bearish wave depends on the price stability below 69.35 and the most important below 70.85.
The expected trading range for today is between 67.40 support and 70.80 resistance.
The expected trend for today: Bearish
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