Midday update for Crude oil 03-10-2022
Economies.com
2022-10-03 09:48AM UTC
Crude oil price rallies upwards clearly to breach the bearish channel’s resistance and heads towards achieving expected gains in the upcoming sessions, which stops the morning suggested scenario and turn to rise on the intraday basis, on its way to visit 84.60 followed by 85.90 levels as main positive stations, while the bullish bias will remain suggested for the rest of the day unless breaking 82.40 followed by 81.00 levels and holding below them.
The expected trading range for today is between 81.00 support and 84.60 resistance.
The expected trend for today: Bullish for the rest of the day
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