Mid-day report

Crude oil price inclined; breaching minor resistance level, which was expected in our morning report, to start its expected intraday upside for today where its first targets are around 70.80. Maintaining our morning expectations, in achieving the mentioned incline, while the importance of level 94.50 remaining intact to keep chances of achieving the awaited upside for today.

The trading range for today is among the key support at 65.00 and the key resistance at 73.15.

The general trend is to the upside as far as 47.20 remains intact with targets at 85.00.

RecommendationOur morning expectation remains valid.