Commodities

Midday update for Crude oil 08-03-2021

2021-03-08 10:40:58 GMT (Economies.com)

Crude oil price faces clear negative pressure to attack 66.30 level, which urges caution from the upcoming trading, as breaking this level will push the price to suffer more losses and visit 65.60 and might extend to 64.55 levels before any new attempt to rise, while the price needs to step above 67.25 to reactivate the bullish trend scenario that its next main target located at 70.00.

 

The expected trading range for today is between 65.60 support and 68.00 resistance.

The expected trend for today: Bullish

More Analysis

Risk Disclaimer : Enzious Limited would like to remind you that the data provided in this site is not necessarily in real time or accurate. All stock prices, indices, futures and foreign exchange rates are not provided by exchanges but by market makers, so prices may not be accurate, may differ from the price of the actual market, which means that the quotes represent an indication and are not suitable for commercial purposes. Therefore Enzious Limited does not assume any responsibility for any business losses that may be incurred as a result of the use of this data.