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Crude oil falls below $72 now. Where are the next downside targets?

Crude oil falls below $72 now. Where are the next downside targets?

The price of crude oil is now below the $72 level and is now over $3 below the close from the end of year at $75.35. The current price trades at $71.97 that's down $-2.24 on the day. The high price reached $75.36. The low price is extended to $71.78.

The futures just settled with the price settling at $72.01. That's down -$2.24 or -3.02%

What are the next key targets on increased selling?.

Looking at the daily chart, the 61.8% of the move up from the November 2020 swing lo... Read More

Posted: Dec 7 2022, 19:29
Author Name: forexlive
Views: 102251

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