Midday update for Crude oil 12-03-2021
Economies.com
2021-03-12 11:24AM UTC
Crude oil price continues to fluctuate around 65.80, waiting to get positive motive that assists to push the price to resume the main bullish trend, which targets 68.45 as a next main station.
In general, we will continue to suggest the bullish trend for the upcoming period conditioned by the price stability above 64.55, noting that the EMA50 continues to support the suggested bullish wave.
The expected trading range for today is between 64.55 support and 67.50 resistance.
The expected trend for today: Bullish
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