Midday update for Crude oil 17-09-2021
Economies.com
2021-09-17 09:16AM UTC
Crude oil price is affected by stochastic negativity, to show some slight bearish bias now, and it might test the key support 71.05 before turning back to resume the main bullish trend again.
In general, the bullish wave still dominant on the intraday and short term basis as long as the mentioned support remains intact, reminding you that our targets begin at 73.30 and extend to 75.00 after surpassing the previous level.
The expected trading range for today is between 71.05 support and 74.00 resistance.
The expected trend for today: Bullish
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