Midday update for Crude oil 29-07-2021
Economies.com
2021-07-29 10:02AM UTC
Crude oil price managed to reach our waited target at 73.30 and fluctuates near it, waiting to breach this level to confirm extending the bullish wave on the intraday and short term basis, as our next target reaches 75.00.
The EMA50 continues to support the price from below, to keep our bullish overview conditioned by the price stability above 71.05.
The expected trading range for today is between 71.50 support and 74.00 resistance.
The expected trend for today: Bullish
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