Midday update for Crude oil 19-03-2021
Economies.com
2021-03-19 11:34AM UTC
Crude oil price trades positively to settle around 60.00 now, waiting to get negative motive that assist to push the price to break 59.85 and confirm extending the correctional bearish wave, noting that the expected negative targets begin at 57.30 and extend to 54.85, while failing to achieve the required break will push the price to achieve intraday gains that start by visiting 62.90 areas.
The expected trading range for today is between 58.00 support and 61.50 resistance.
The expected trend for today: Bearish
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