Midday update for Crude oil 24-11-2020
Economies.com
2020-11-24 10:19AM UTC
Crude oil price succeeded to reach our first waited target at 43.75, facing good resistance there, waiting to get positive momentum that assists to push the price to surpass this level and open the way to head towards our next target that extends to 44.80.
Therefore, we will continue to suggest the bullish trend for the upcoming period unless breaking 42.30 followed by 41.60 levels and holding below them.
The expected trading range for today is between 42.00 support and 45.00 resistance.
The expected trend for today: Bullish
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