Midday update for Crude oil 05-08-2022
Economies.com
2022-08-05 09:30AM UTC
Crude oil price resumes its negative trades now, waiting for more decline to achieve our extended negative targets that start at 85.90 followed by 84.55, noting that breaking 87.40 will reinforce the expectations to decline, while holding below 91.15 represents key condition to continue the suggested bearish wave.
The expected trading range for today is between 85.90 support and 90.00 resistance.
The expected trend for today: Bearish
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