Midday update for Crude oil 26-09-2023

2023-09-26 10:10AM UTC

Crude oil price achieved an initial break to 89.35 level and attempts to settle below it, which supports the continuation of the expected bearish trend scenario in the upcoming period, targeting 87.16 levels as a next main station.


therefore, we are waiting for more of the expected downside moves for the rest of the day, reminding you that holding below 91.10 is important for the continuation of the suggested bearish trend.


The expected trading range for today is between 88.30 support and 91.20 resistance.


The expected trend for today: Bearish


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