Midday update for Crude oil 13-05-2022

2022-05-13 09:16:51 GMT (Economies.com)
 

Crude oil price shows some bearish bias to approach testing the key support base 104.60, and as long as the price is above this level, our bullish overview will remain valid for today, which targets 109.15 level mainly, noting that breaking the mentioned support will press on the price to achieve some bearish correction before attempting to rise again.

 

The expected trading range for today is between 104.00 support and 109.15 resistance.

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The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.0750
0.0097
0.9129%
1.2628
0.0065
0.5182%
22.126
0.214
0.979%
113.862
3.723
3.380%
117.02
-0.37
0.32%
1855.185
-1.250
0.067%
 
 
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