Midday update for Crude oil 10-05-2021
Economies.com
2021-05-10 10:12AM UTC
Crude oil price found solid resistance at 65.60, to show some slight bearish bias now, waiting to get positive momentum that assists to push the price to surpass the mentioned level and head towards 67.95 as a next positive station.
In general, the main bullish trend scenario will remain valid and active unless breaking 64.35 followed by 63.30 levels and holding below them.
The expected trading range for today is between 64.00 support and 67.00 resistance.
The expected trend for today: Bullish
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