Midday update for Crude oil 24-03-2021
Economies.com
2021-03-24 10:20AM UTC
Crude oil price trades with strong positivity to surpass 59.20 level and test the next key resistance 59.85, which urges caution from the upcoming trading, as continuing the rise and surpassing the last level will stop the correctional bearish scenario and lead the price to regain the main bullish trend again, while the price needs to trade below 59.20 again to reactivate the negative scenario that its next main target located at 54.83.
The expected trading range for today is between 58.00 support and 60.00 resistance.
The expected trend for today: Bearish
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