Midday update for Crude oil 08-12-2022
Economies.com
2022-12-08 11:21AM UTC
Crude oil price provided positive trades to approach the key resistance 73.64, and as long as the price is below this level, our bearish overview will remain valid for today, supported by the negative pressure formed by the EMA50, waiting to break 72.95 to ease the mission of heading towards our main expected negative target at 70.00.
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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