Midday update for Crude oil 11-08-2022

Economies.com
2022-08-11 11:06AM UTC

Crude oil price trades positively to breach 91.40 and attempts to hold above it, which urges caution form the upcoming trading, as confirming the breach will lead the price to achieve additional gains that target 94.50 level as a next station, while trading below 91.25 will press on the price to decline again.

 

The expected trading range for today is between 90.00 support and 93.00 resistance.

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The expected trend for today: Neutral

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