Midday update for Crude oil 21-07-2021
Economies.com
2021-07-21 09:49AM UTC
Crude oil price rallied upwards to breach 67.45 level and attempts to hold above it, which urges caution from the upcoming trading, as confirming the breach will stop the recently suggested negative scenario and lead the price to start recovery attempts that target 69.25 followed by 71.05 areas initially.
Therefore, we prefer staying aside until the price confirms its situation according to 67.45 level to detect the next targets clearly.
The expected trading range for today is between 65.00 support and 69.00 resistance.
The expected trend for today: Neutral
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