Midday update for Crude oil 03-05-2021

Economies.com
2021-05-03 09:34AM UTC

Crude oil price trades positively after leaning on the EMA50 again this morning, to keep the bullish trend scenario valid and active for today, supported by the positive signals provided by stochastic, reminding you that our first target is located at 65.60, while the continuation of the bullish wave depends on the price stability above 62.30.

 

The expected trading range for today is between 62.50 support and 65.20 resistance.

The expected trend for today: Bullish

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