Midday update for Crude oil 23-05-2022
Economies.com
2022-05-23 10:13AM UTC
Crude oil price fluctuates with slight positivity to test 111.00 barrier, waiting for more rise in the upcoming sessions supported by the EMA50, reminding you that our main expected target is located at 113.70, while holding above 109.14 is important to achieve the suggested targets, as breaking it will press on the price to turn to decline on the intraday and short term basis.
The expected trading range for today is between 108.00 support and 113.70 resistance.
The expected trend for today: Bullish
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