Midday update for Crude oil 22-04-2021

Economies.com
2021-04-22 09:04AM UTC

Crude oil price crawls downwards to move below 61.00 barrier, reinforcing the expectations of continuing the bearish trend for the rest of the day, supported by the negative pressure formed by the EMA50, waiting to visit 59.85 as a next main target, reminding you that it is important to hold below 62.20 to continue the expected decline.

 

The expected trading range for today is between 59.50 support and 62.20 resistance.

The expected trend for today: Bearish

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