Midday update for Crude oil 22-09-2020
Economies.com
2020-09-22 09:12AM UTC
Crude oil price shows positive trades to move above 39.70, which urges caution from the upcoming trading, as the price needs to hold below this level as a first condition to continue the expected bearish trend, which targets 38.60 followed by 37.90 levels mainly, while the suggested decline will remain valid unless breaching 40.36 and holding with a daily close above it.
The expected trading range for today is between 38.00 support and 40.50 resistance.
The expected trend for today: Bearish
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