Midday update for Crude oil 25-07-2022
Economies.com
2022-07-25 09:40AM UTC
Crude oil price trades with clear positivity to approach retesting the broken key support 95.40, and as we mentioned this morning, the price needs to hold below this level to keep the bearish trend scenario active for today, as breaching it is considered as the initial key to turn to rise, while the waited negative targets are located at 91.50 followed by 89.60.
The expected trading range for today is between 90.00 support and 95.50 resistance.
The expected trend for today: Bearish
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