Crude oil price attempts positively – Analysis - 14-06-2022
Economies.com
2022-06-14 04:05AM UTC
Crude oil price leaned on the bullish channel’s support line that appears on the chart to start the attempt to build new bullish wave, on its way to resume the main bullish trend, and the price needs to surpass 119.35 to confirm the continuation of the rise and head to achieve positive targets that start at 121.30 and extend to 123.00.
Therefore, the bullish bias will be suggested for the upcoming period, noting that breaking 116.30 will stop the expected rise and press on the price to turn to decline.
The expected trading range for today is between 117.00 support and 120.50 resistance.
The expected trend for today: Bullish
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