Crude oil price awaits more decline – Analysis - 13-06-2022
Economies.com
2022-06-13 04:07AM UTC
Crude oil price opens today with new decline to settle below 117.10, which supports the continuation of the expected bearish trend scenario on the intraday and short term basis, which targets 115.70 followed by 113.70 levels as next main stations.
Moving below the EMA50 supports the suggested decline, noting that breaching 117.10 will lead the price to recover and attempt to regain the main bullish trend again.
The expected trading range for today is between 114.00 support and 118.50 resistance.
The expected trend for today: Bearish
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