Midday update for Crude oil 23-05-2023

Economies.com
2023-05-23 09:48AM UTC

Crude oil price still confined inside the symmetrical triangle, and the contradiction still valid between the technical indicators, to continue with our neutrality until the price confirms breaking 70.90 support or breaching 72.70 to detect the next targets and destination clearly.

 

To review the details of the expected targets after the breach, please check our morning issued report.

 

The expected trading range for today is between 70.50 support and 74.10 resistance.

 

The expected trend for today: Neutral

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