Midday update for Crude oil 06-04-2021
Economies.com
2021-04-06 09:07AM UTC
Crude oil price tests the first key resistance 59.85, which represents the first protection factor to the continuation of the correctional bearish scenario, waiting to get negative motive that assist to push the price to head towards the expected targets of the bearish wave that start at 57.25 and extend to 54.85, reminding you that the continuation of the bearish wave depends on the price stability below 59.85 and the most important below 60.65.
The expected trading range for today is between 57.60 support and 60.65 resistance.
The expected trend for today: Bearish
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