Midday update for Crude oil 23-08-2021
Economies.com
2021-08-23 10:18AM UTC
Crude oil price surpassed the EMA50 to rally upwards and achieve additional gains, as it settles above 64.00 barrier now, reinforcing the expectations of continuing the rise for the rest of the day, which targets 65.20 level mainly, reminding you that it is important to hold above 62.75 to continue the bullish trend.
The expected trading range for today is between 62.00 support and 65.20 resistance.
The expected trend for today: Bullish
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