Midday update for Crude oil 10-03-2021
Economies.com
2021-03-10 10:16AM UTC
Crude oil price trades with clear positivity to approach testing 65.55, and as we mentioned this morning, the price needs to hold below this level to keep the bearish trend scenario active for today, as breaching it will lead the price to recover and return to the main bullish track again, while the price needs to break 63.55 to confirm extending the correctional bearish wave towards 62.50 followed by 61.25 levels.
The expected trading range for today is between 62.00 support and 64.55 resistance.
The expected trend for today: Bearish
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