Midday update for Crude oil 10-08-2022

Economies.com
2022-08-10 09:26AM UTC

Crude oil price fluctuates with calm negativity and attempts to return to the main bearish channel, supported the continuous negative pressure formed by the EMA50, waiting for more decline to head towards 85.90 that represents our next main station, reminding you that the continuation of the bearish wave depends on the price stability below 90.70 and 91.25 levels.

 

The expected trading range for today is between 87.00 support and 91.00 resistance.

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The expected trend for today: Bearish

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