Midday update for Crude oil 09-08-2022
Economies.com
2022-08-09 09:10AM UTC
Crude oil price resumes its negative trades to move away from the bearish channel’s resistance, reinforcing the expectations of continuing the bearish trend in the upcoming sessions, supported by the negative pressure formed by the EMA50, reminding you that our next main target is located at 85.90, while the continuation of the expected decline depends on the price stability above 90.65.
The expected trading range for today is between 87.00 support and 91.50 resistance.
The expected trend for today: Bearish
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