Midday update for Crude oil 29-03-2021
Economies.com
2021-03-29 09:26AM UTC
Crude oil price tested the key support 59.85 but it bounced upwards strongly from there, to head towards testing 61.25 resistance, and as we mentioned this morning, these levels represent the next trend keys, which makes us continue with our neutrality until breaching one of the mentioned levels followed by detecting the next destination clearly.
Note that the details of the expected targets after the breach are explained in our morning report.
The expected trading range for today is between 58.50 support and 61.50 resistance.
The expected trend for today: Neutral
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