Midday update for Crude oil 23-08-2018

Crude oil price shows slight negative trading that hints resuming the expected bearish trend for today, to gradually move away from the key resistance 68.06, to keep the price confined between the key levels represented by the mentioned resistance and 66.90 support, and we still waiting to surpass one of these levels to detect the next targets clearly.

Therefore, we will continue with our neutrality until we get cleare signal for the next trend, noting that the details of the expected targets after the breach are expected in our morning report.

Expected trading range for today is between 66.00 support and 69.60 resistance.

Expected trend for today: Depends on the above mentioned levels