Midday update for Crude oil 01-04-2021
Economies.com
2021-04-01 09:01AM UTC
Crude oil price trades with clear positivity to breach 59.85 and attempts to hold above it, which urges caution from the upcoming trading, as confirming the breach will stop the morning suggested negative scenario and push to achieve new gains that start at 61.45 and extend to 62.20, while the price needs to trade below 59.85 again to resume the decline that its first target located at 57.25.
The expected trading range for today is between 57.60 support and 61.00 resistance.
The expected trend for today: Bearish
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