Midday update for Crude oil 14-04-2021

Economies.com
2021-04-14 08:51AM UTC

Crude oil price shows positive trades to breach 60.75 level and attempts to hold above it, which hints the price head to activate the positive scenario for the upcoming period, which targets 62.25 followed by 63.75 levels as next main stations, but we need to get a daily close above this level or below 59.85 supprot to confirm the next destination clearly.

 

Therefore, we will continue with our neutrality until we get clearer signal for the next trend.

 

The expected trading range for today is between 59.00 support and 62.00 resistance.

The expected trend for today: Neutral

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