Midday update for Crude oil 07-07-2022

Economies.com
2022-07-07 10:07AM UTC

Crude oil price shows sideways trades since morning, while stochastic loses its positive momentum gradually, waiting to motivate the price to resume the main bearish trend, which depends on the price stability below 98.95, reminding you that our main waited targets begin at 92.80 and extend to 89.80.

 

The expected trading range for today is between 93.00 support and 98.95 resistance.

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The expected trend for today: Overall bearish

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