Midday update for Crude oil 05-12-2022
Economies.com
2022-12-05 10:50AM UTC
Crude oil price resumes its positive trading to surpass 81.00 level and attempts to hold above it, reinforcing the expectations of continuing the bullish trend in the upcoming sessions, opening the way to head towards our next target at 83.27, noting that the continuation of the bullish wave requires holding above 81.00 and the most important above 79.50.
The expected trading range for today is between 79.50 support and 83.00 resistance.
The expected trend for today: Bullish
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