Midday update for Crude oil 02-03-2021
Economies.com
2021-03-02 10:17AM UTC
Crude oil price continues to fluctuate around the key support 59.60, and as we mentioned this morning, this level represents one of the next trend keys besides 60.40 resistance, as the price needs to surpass one of these levels to detect its next destination clearly.
Therefore, we will continue with our neutrality until we get clearer signal for the next trend, while the expected targets after the breach are explained in our morning report.
The expected trading range for today is between 58.50 support and 61.20 resistance.
The expected trend for today: Neutral
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