Midday update for Crude oil 13-02-2024

Economies.com
2024-02-13 09:49AM UTC

Crude oil price shows clear positive trades now to approach our waited target at 77.86, and we expect the continuation of the bullish wave to breach this level and rally towards achieving additional gains in the upcoming period, to head towards 80.00 that represents our next main target.

 

The EMA50 continues to support the suggested bullish wave, which will remain valid unless breaking 75.90 and holding below it.

 

The expected trading range for today is between 75.80 support and 78.80 resistance

 

The expected trend for today: Bullish

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