Advertisements

Technical Analysis: Midday update for Crude oil

by Holly

Crude oil price crawls upwards to move above 77.00 barrier, to support the continuation of the expected bullish trend for today, which targets 78.00 followed by 78.90 levels as next main stations.

In general, we will continue to suggest the bullish trend for the upcoming period conditioned by the price stability above 76.10, noting that the EMA50 provides continuous positive support to the suggested bullish wave.

Advertisements

The expected trading range for today is between 75.50 support and 78.90 resistance.

Advertisements

The expected trend for today: Bullish

Advertisements
Advertisements
Advertisements

You may also like

oftrb logo

Oftrb.com is a comprehensive energy portal, the main columns include crude oil prices, energy categories, EIA, OPEC, crude oil news, basic knowledge of crude oil, etc.

【Contact us: [email protected]

© 2023 Copyright oftrb.com – Crude Oil Market Quotes, Price Chart live & News [[email protected]]