Midday update for Crude oil 03-03-2021
Economies.com
2021-03-03 10:23AM UTC
Crude oil price trades positively now to breach 60.10 level and moves above the bullish channel’s support line, which urges caution from the upcoming trading, as continuing the rise and surpassing 61.15 will push ther pice to achieve more gains and return to the main bullish track again, while the price needs to break 60.10 and trading below it again to resume the correctional bearish scenario that its next target located at 56.64.
The expected trading range for today is between 58.00 support and 61.15 resistance.
The expected trend for today: Bearish
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