Midday update for Crude oil 22-09-2023

Economies.com
2023-09-22 10:33AM UTC

Crude oil price shows new positive trades to move above 91.00 barrier now, reinforcing the expectations of continuing the bullish trend for the rest of the day, reminding you that our targets begin at 91.45 and extend to 92.92 after surpassing the previous level.

 

Therefore, the bullish trend scenario will remain valid and active, supported by the EMA50, reminding you that the continuation of the bullish wave depends on the price stability above 89.35.

 

The expected trading range for today is between 89.50 support and 92.50 resistance.

 

The expected trend for today: Bullish

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