Midday update for Crude oil 01-08-2022

2022-08-01 09:38:59 GMT (Economies.com)
 

Crude oil price trades with clear negativity now to break 96.05 level and attempts to hold below it, which supports the continuation of the expected bearish trend scenario efficiently for the upcoming period, opening the way to head towards our negative targets that start at 92.45 and extend to 89.60, taking into consideration that the continuation of the bearish wave depends on the price stability below 98.25.

 

The expected trading range for today is between 93.00 support and 98.25 resistance.

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The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.0265
0.0067
0.6597%
1.2139
0.0022
0.1816%
20.583
0.219
1.075%
92.262
3.784
4.277%
97.88
-1.74
1.75%
1796.970
15.295
0.859%
 
 
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