Midday update for Crude oil 01-02-2023

Economies.com
2023-02-01 10:22AM UTC

Crude oil price fluctuates around 78.95 level and couldn’t manage to confirm breaching it, to keep our neutrality valid until the price confirms its situation according to the mentioned level, reminding you that holding below this level will push the price to decline again and head towards 75.65 mainly, while breaching it will lead the price to rise and visit 81.60 areas.

 

The expected trading range for today is between 77.20 support and 80.80 resistance.

The expected trend for today: Neutral

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