Crude oil price awaits more rise – Analysis - 23-06-2021
Economies.com
2021-06-23 04:13AM UTC
Crude oil price fluctuates within ascending triangle that its resistance line located at 73.30, and it needs to breach this level to get positive motive that assist to push the price to achieve more gains in the upcoming period, to keep the bullish trend valid on the intraday and short term basis, waiting to visit 74.00 followed by 75.55 levels as next main targets.
The EMA50 supports the expected rise, which will remain valid unless breaking 72.50 and holding below it.
The expected trading range for today is between 72.00 support and 75.00 resistance.
The expected trend for today: Bullish
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