Midday update for Crude oil 23-03-2021
Economies.com
2021-03-23 10:21AM UTC
Crude oil price faced strong negative pressure to break 60.60 level and touch the first negative target at 59.20 direct, to activate the bearish trend scenario in the upcoming sessions, paving the way to head towards 58.00 as a next station, taking into consideration that the continuation of the bearish wave requires holding below 60.60 and the most important below 61.60.
The expected trading range for today is between 58.00 support and 60.60 resistance.
The expected trend for today: Bearish for the rest of the day
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