Midday update for Crude oil 16-08-2022

2022-08-16 10:02:55 GMT (Economies.com)
 

Crude oil price shows sideways trading since morning, noticing that stochastic loses the positive momentum gradually, waiting to motivate the price to resume the bearish wave that its next main target is located at 85.00, taking into consideration that the continuation of the bearish trend depends on the price stability below 89.60.

 

The expected trading range for today is between 85.00 support and 90.00 resistance.

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The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
0.9802
0.0147
1.5193%
1.1165
0.0345
3.1856%
19.049
0.190
1.008%
80.050
0.756
0.953%
87.96
-0.53
0.60%
1664.495
19.135
1.163%
 
 
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