Midday update for Crude oil 22-07-2021
Economies.com
2021-07-22 09:45AM UTC
Crude oil price shows additional positive trades to test the key resistance 71.05, which urges caution from the upcoming trading, as continuing the rise and surpassing this level will stop the morning suggested negative scenario and lead the price to regain the main bullish trend again, while the price needs to consolidate below 71.05 level to resume the correctional bearish trend to 69.25 followed by 67.45 levels initially.
The expected trading range for today is between 67.40 support and 71.20 resistance.
The expected trend for today: Bearish
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