Midday update for Crude oil 01-06-2020
Economies.com
2020-06-01 10:15AM UTC
Crude oil price shows sideways trades since morning and keeps its stability above the first key support 34.60, to keep the bullish trend scenario valid and active for today, organized inside the bullish channel that appears on the chart, waiting to breach 36.10 to ease the mission of achieving our extended positive targets that reach 41.04 followed by 43.05, reminding you that it is important to hold above 34.60 and 33.25 levels to achieve the suggested targets.
The expected trading range for today is between 34.00 support and 37.50 resistance.
The expected trend for today: Bullish
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