Midday update for Crude oil 29-09-2022
Economies.com
2022-09-29 09:36AM UTC
Crude oil price resumes its negative trading to press on 80.00, reinforcing the expectations of continuing the bearish trend in the upcoming sessions, motivated by stochastic negativity, waiting for more expected decline on the intraday and short term basis conditioned by the price stability below 82.70, reminding you that our waited targets begin at 79.35 and extend to 76.30 after breaking the previous level.
The expected trading range for today is between 79.00 support and 83.00 resistance.
The expected trend for today: Bearish
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