Midday update for Crude oil 17-03-2021

Economies.com
2021-03-17 10:05AM UTC

Crude oil price resumes its negative trades to press on 64.55 now, which supports the continuation of our bearish overview for today, motivated by the negative overlapping signal provided by stochastic now, waiting to head towards our targets that start at 63.55 and extend to 62.50, reminding you that it is important to hold below 65.80 to achieve the suggested targets.

 

The expected trading range for today is between 63.30 support and 66.00 resistance.

 

The expected trend for today: Bearish

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