Midday update for Crude oil 30-11-2020

Economies.com
2020-11-30 11:35AM UTC

Crude oil price begins pressing on 44.70 level, waiting to break this level to confirm the beginning of the correctional bearish wave that its first main target located at 43.25.

 

In general, we will continue to suggest the bearish trend in the upcoming sessions in the upcoming sessions unless the price rallied to breach 45.60 level and hold above it.

 

The expected trading range for today is between 43.25 support and 45.85 resistance.

The expected trend for today: Bearish

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