Midday update for Crude oil 20-05-2022
Economies.com
2022-05-20 09:22AM UTC
Crude oil price attempts to breach 109.15 level, to hint heading to activate the positive scenario in the upcoming sessions, but we need a confirmed breach to the mentioned level to confirm the continuation of the rise towards the suggested target at 113.70.
Therefore, we will continue with our neutrality until the price confirms breaching the mentioned resistance or breaking 104.60 support to detect its next destination clearly.
The expected trading range for today is between 104.60 support and 112.00 resistance.
The expected trend for today: Neutral
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