Midday update for Crude oil 26-03-2021
Economies.com
2021-03-26 10:11AM UTC
Crude oil price retested 59.85 level and keeps its stability below it until now, which keeps the bearish trend scenario valid for today, supported by stochastic loss to the positive momentum gradually, besides the negative pressure formed by the EMA50, waiting to head towards 54.85 as a next main target, reminding you that it is important to hold below 59.85 to continue the expected decline.
The expected trading range for today is between 57.50 support and 60.50 resistance.
The expected trend for today: Bearish
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