Midday update for Crude oil 27-10-2021

2021-10-27 09:10:43 GMT (Economies.com)
 

Crude oil price faces negative pressure to approach the key support 82.85, which urges caution from the upcoming trading, especially that we are witnessing the formation of potential negative pattern that its confirmation line located at the mentioned support, which means that breaking this line will push the price to head towards 81.30 direct.

 

Until now, the positive scenario still valid unless breaking 82.85 and holding below it, noting that our initial targets are located at 85.40 – 85.85.

 

The expected trading range for today is between 82.50 support and 85.00 resistance.

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.1327
0.0057
0.5062%
1.3328
0.0018
0.1349%
Tadawul
10810.60
-60.02
0.55%
22.846
-0.199
0.864%
67.587
-4.814
6.649%
71.61
-1.83
2.49%
1794.670
9.580
0.537%
 
 
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