Crude oil price activates the bullish track – Analysis - 23-05-2022
Economies.com
2022-05-23 04:04AM UTC
Crude oil price confirmed breaching 109.15 after closing the daily candlestick above it, to head towards achieving expected gains on the intraday basis, on its way to visit 113.70 mainly.
Therefore, the bullish bias will be expected for today supported by the EMA50 that carries the price from below, noting that the continuation of the bullish wave conditions holding above 109.14.
The expected trading range for today is between 108.00 support and 113.70 resistance.
The expected trend for today: Bullish
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