Crude oil price approaches the target – Analysis - 12-07-2022
Economies.com
2022-07-12 04:24AM UTC
Crude oil price continued to decline yesterday to approach our waited negative target at 98.25, starting today with additional bearish bias to support the continuation of the expected bearish trend on the intraday basis, and we expect to break the mentioned level to open the way to achieve additional negative targets that reach 94.70.
Therefore, the bearish bias will remain dominant in the upcoming sessions, reminding you that holding below 103.63 is important to achieve the suggested targets.
The expected trading range for today is between 97.00 support and 102.00 resistance.
The expected trend for today: Bearish
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