Midday update for Crude oil 23-11-2020
Economies.com
2020-11-23 11:49AM UTC
Crude oil price provided clear positive trades this morning but it faced solid resistance at 43.05 barrier, to show some temporary bearish bias now, affected by stochastic negativity, while the positive effect of the previously completed symmetrical triangle still active, waiting to resume the bullish trend that targets 43.75 followed by 44.80 levels as next main stations, reminding you that it is important to hold above 41.85 and 41.35 levels to continue the expected rise.
The expected trading range for today is between 41.35 support and 44.00 resistance.
The expected trend for today: Bullish
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