Crude oil price still stuck – Analysis - 23-03-2021
Economies.com
2021-03-23 05:43AM UTC
Crude oil price could not manage to confirm breaching 61.60, to trade negatively now and approach testing the key support 60.60, and as we mentioned yesterday, the price needs to breach one of these levels to detect its next destination clearly, which keeps our neutrality valid until now.
We remind you that breaching the mentioned resistance will push the price to regain the main bullish trend again and achieve positive targets that start at 63.45, while breaking the support represents negative factor that will press on the price to visit 59.20 followed by 58.00 levels initially.
The expected trading range for today is between 59.20 support and 62.50 resistance.
The expected trend for today: Neutral
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