Midday update for Crude oil 07-07-2020
Economies.com
2020-07-07 10:13AM UTC
Crude oil price crawls downwards to head towards potential test to the key support 39.25, to stay stuck between the trend keys represented by the mentioned support and 40.41 resistance, waiting to surpass one of these levels to detect the next targets clearly.
Therefore, we will continue with our neutrality until now, noting that the details of the expected targets after the breach explained in our morning report.
The expected trading range for today is between 39.00 support and 42.00 resistance.
The expected trend for today: Neutral
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