Midday update for Crude oil 24-05-2022

Crude oil price shows positive trades now after pressing on 109.14, supported by stochastic and the EMA50 positivity, to keep the bullish trend scenario valid and active in the upcoming sessions, waiting to visit 113.70 that represents our next main target, reminding you that the continuation of the bullish wave depends on the price stability above 109.14.

The expected trading range for today is between 107.50 support and 113.00 resistance.

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The expected trend for today: Bullish