Midday update for Crude oil 08-03-2021
Economies.com
2021-03-08 10:40AM UTC
Crude oil price faces clear negative pressure to attack 66.30 level, which urges caution from the upcoming trading, as breaking this level will push the price to suffer more losses and visit 65.60 and might extend to 64.55 levels before any new attempt to rise, while the price needs to step above 67.25 to reactivate the bullish trend scenario that its next main target located at 70.00.
The expected trading range for today is between 65.60 support and 68.00 resistance.
The expected trend for today: Bullish
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