Midday update for Crude oil 27-07-2022
Economies.com
2022-07-27 09:01AM UTC
Crude oil price trades positively to attack 95.70 level, which urges caution from the upcoming trading, as breaching this level followed by breaching 96.25 will stop the morning suggested negative scenario and lead the price to turn to rise and achieve additional gains that reach 98.25, while the price needs to consolidate below 95.70 to resume the bearish bias that its first target located at 92.30.
The expected trading range for today is between 91.00 support and 96.50 resistance.
The expected trend for today: Bearish
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