Midday update for Crude oil 08-04-2020
Economies.com
2020-04-08 09:40AM UTC
Crude oil price returns to press on 24.50 level, which urges caution from the upcoming trading, as breaking this level will push the price to test the most important support at 23.40 and might turn the intraday and short term track to decline, while the price needs to consolidate above the mentioned support lines to keep the bullish track that targets 25.60 followed by 26.94 levels initially.
The expected trading range for today is between 23.60 support and 27.00 resistance.
The expected trend for today: Bullish
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