Midday update for Crude oil 26-07-2021
Economies.com
2021-07-26 09:17AM UTC
Crude oil price faces strong negative pressure to attack 71.05 level and attempts to hold below it, which urges caution from the upcoming trading, as holding below this level will stop the recently suggested positive scenario and put the price under the correctional bearish pressure again, while the price needs to step above the mentioned level to resume the bullish trend that its first target located at 73.30.
The expected trading range for today is between 70.00 support and 73.30 resistance.
The expected trend for today: Bullish
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