Commodities

Midday update for Crude oil 12-08-2022

2022-08-12 09:09:28 GMT (Economies.com)

Crude oil price shows sideways and tight trades since morning, and still stuck between the trend confirmation levels represented by 91.45 support and 94.50 resistance, to continue with our neutrality until breaching one of these levels to detect the next targets clearly.

 

To review the details of the expected targets after the breach, please check our morning report.

 

The expected trading range for today is between 91.50 support and 95.00 resistance.

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The expected trend for today: Depends on the above mentioned levels

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