Midday update for Crude oil 21-05-2020
Economies.com
2020-05-21 10:13AM UTC
Crude oil price continues to rise to settle above 34.00$ barrier, moving inside the bullish channels that appear on the chart, as it gets positive support by the EMA50, waiting for more bullish bias to head towards our main expected target at 36.50.
Therefore, we will keep our positive overview conditioned by the price stability above 32.60.
The expected trading range for today is between 33.00 support and 36.00 resistance.
The expected trend for today: Bullish
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