Midday update for Crude oil 27-05-2022
Economies.com
2022-05-27 08:58AM UTC
The tight range dominates crude oil price trades, which continues to fluctuate around 113.70, thus, the bullish trend scenario will remain valid as it is without any change, which conditions breaching the mentioned level to confirm rallying towards our positive targets that start at 117.00 and extend to 119.35, noting that breaking 112.35 will stop the positive scenario and press on the price to turn to decline.
The expected trading range for today is between 111.50 support and 117.00 resistance.
The expected trend for today: Bullish
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