Midday update for Crude oil 30-03-2023
Economies.com
2023-03-30 11:42AM UTC
Crude oil price resumes its positive trading after leaning on 72.50 level in the previous sessions, motivated by the positive overlapping signal provided by stochastic now, waiting for more rise to achieve our targets that start at 74.50 and extend to 76.90 after breaching the previous level.
Therefore, the bullish trend scenario will remain valid and active for today conditioned by the price stability above 72.50.
The expected trading range for today is between 71.50 support and 74.50 resistance.
The expected trend for today: Bullish
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