Midday update for Crude oil 18-06-2021
Economies.com
2021-06-18 09:02AM UTC
Crude oil price hovers around the EMA50, waiting to resume the negative trades as a bearish correction for the rise measured from 61.54 to 72.78, as we suggest the continuation of the bearish trend domination in the upcoming sessions as long as 71.35 level remains intact, noting that breaking 70.13 is required to rally towards 68.50 as a next main target.
The expected trading range for today is between 68.50 support and 71.50 resistance.
The expected trend for today: Bearish
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