Midday update for Crude oil 03-08-2022

2022-08-03 10:38:11 GMT (Economies.com)
 

Crude oil price resumes its negative trades to press on the breached resistance of the bearish channel and attempts to break this support formed at 92.45, reinforcing the expectations of continuing the bearish trend for the rest of the day, which its next main target located at 89.60, noting that the EMA50 supports the suggested bearish wave, which will remain valid conditioned by the price stability below 94.50 and the most important below 95.50.

 

The expected trading range for today is between 89.60 support and 95.00 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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