Midday update for Crude oil 23-11-2021
Economies.com
2021-11-23 10:49AM UTC
Crude oil price shows additional negative trades to move away from 76.40 level, which supports the continuation of the bearish trend scenario for the rest of the day, waiting to visit the next correctional level at 73.60, noting that the EMA50 and stochastic continue to provide the negative signals that support the suggested negative scenario, which will remain valid conditioned by the price stability below 76.40.
The expected trading range for today is between 74.50 support and 77.30 resistance.
The expected trend for today: Bearish
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