Midday update for Crude oil 08-08-2022
Economies.com
2022-08-08 10:20AM UTC
Crude oil price resumes its negative trading to start pressing on 87.40 level, rienforcing the expectations of continuing the bearish trend for the rest of the day, reminding you that our next target is located at 85.90, noting that the EMA50 keeps supporting the suggested bearish wave, which will remain valid unless breaching 90.55 and holding above it.
The expected trading range for today is between 85.90 support and 90.00 resistance.
The expected trend for today: Bearish
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