Midday update for Crude oil 22-02-2021
Economies.com
2021-02-22 10:12AM UTC
Crude oil price tested 60.30 without managing to breach it until now, to show negative trades on its way for potential test to 58.80 areas, which represents the first protection factor to the expected positive scenario for today, as the price needs to hold above this level and above 57.95 to keep the bullish trend active, supported by the EMA50.
We remind you that breaching 60.30 is required to ease the mission of rallying towards our waited positive target at 62.00.
The expected trading range for today is between 58.80 support and 62.00 resistance.
The expected trend for today: Bullish
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