Midday update for Crude oil 06-05-2021
Economies.com
2021-05-06 10:19AM UTC
Crude oil price provided positive trades and attempted to step above 65.60, but it faces new negative pressure, noticing that stochastic approaches to provide positive overlapping signal now, waiting to motivate the price to resume the expected bullish trend for the upcoming period, which targets 67.95 as a next station, while achieving it requires holding above 64.35.
The expected trading range for today is between 64.00 support and 67.00 resistance.
The expected trend for today: Bullish
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