Midday update for Crude oil 08-06-2023

3 months ago

Crude oil price shows negative trades to head towards testing potential test to the key support 71.55, and the price still confined between the trend keys represented by the mentioned support and 73.00 resistance, to continue with our neutrality until we get clearer signal for the next trend through surpassing one of these levels.


To review the expected targets after the breach, please check our morning report.



The expected trading range for today is between 70.50 support and 74.00 resistance.


The expected trend for today: Neutral

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