Midday update for Crude oil 29-05-2020
Economies.com
2020-05-29 10:15AM UTC
Crude oil price managed to break 33.00 and settles below it, which supports the continuation of our bearish overview efficiently for the rest of the day, paving the way to achieve negative targets that start at 30.67 and extend to 28.80, noting that breaching 33.00 and holding above it will push the price to test 34.60 again before determining the next destination clearly.
The expected trading range for today is between 30.00 support and 34.60 resistance.
The expected trend for today: Bearish
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