Crude oil price attempts positively – Analysis - 11-08-2022
Economies.com
2022-08-11 04:02AM UTC
Crude oil price’s bullish rally stopped below 91.25, to keep the chances valid to resume the main bearish wave, and the price needs to break 90.75 to ease the mission of the decline and achieve negative targets that start at 88.25 and extend to 86.35.
Therefore, the bearish trend will remain suggested unless breaching 91.25 – 91.40 levels and holding above them, as breaching these levels will push the price to start bullish correction that its targets begin by visiting 94.50.
The expected trading range for today is between 88.25 support and 92.50 resistance.
The expected trend for today: Bearish
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