Midday update for Crude oil 30-08-2021
Economies.com
2021-08-30 09:06AM UTC
Crude oil price started today with additional rise to touch our waited positive target at 69.25 and settles around it, noticing that stochastic begins to get rid of its negative momentum, while stochastic provides the positive support to the price.
Therefore, we expect to breach the mentioned level and extend the bullish wave towards 71.05, taking into consideration that breaking 67.40 will stop the expected rise and press on the price to decline again.
The expected trading range for today is between 67.40 support and 70.20 resistance.
The expected trend for today: Bullish
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