Midday update for Crude oil 11-05-2022

Economies.com
2022-05-11 09:22AM UTC

Crude oil price shows more bullish bias to test 102.00 barrier, waiting for more rise for the rest of the day to head towards our main expected target at 104.60, supported by stochastic positivity, reminding you that it is important to hold above 98.95 to continue the suggested rise.

 

The expected trading range for today is between 98.00 support and 104.60 resistance.

The expected trend for today: Bullish

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