Midday update for Crude oil 24-11-2022
Economies.com
10 months ago
Crude oil price shows sideways and tight trades since morning as appears on the chart, and the price needs to break 77.25 to ease the mission of resuming the bearish wave that targets 76.05 as a next station, to keep the bearish trend scenario valid and active for today supported by the negative pressure coming by the EMA50 unless breaching 79.20 and holding above it.
The expected trading range for today is between 75.50 support and 79.50 resistance.
The expected trend for today: Bearish
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