Midday update for Crude oil 16-03-2021
Economies.com
2021-03-16 10:18AM UTC
Crude oil price presses negatively on 64.55 support and settles below it now, which hints the price head to achieve more bearish correction that its next targets located at 63.55 followed by 62.50, but we need to get a daily close below the mentioned support to confirm the continuation of the decline, which makes us continue with our neutrality until the price confirms breaking the support or breaching 65.80 resistance to detect the next targets clearly.
The expected trading range for today is between 63.30 support and 66.50 resistance.
The expected trend for today: Neutral
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