Midday update for Crude oil 19-10-2021

1 year ago

Crude oil price trades with clear positivity to attack 82.85 level and attempts to hold above it, which makes us prefer staying neutral until the price confirms its situation according to this level, as confirm the breach followed by breaching 83.85 will stop the correctional bearish scenario and lead the price to resume the main bullish track again, while trading below 82.85 will press on the price to decline towards 81.75 initially.


The expected trading range for today is between 82.00 support and 84.00 resistance.


The expected trend for today: Neutral

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