Crude oil price begins positively – Analysis - 07-07-2022
Economies.com
1 year ago
Crude oil price opens today’s trading with clear positivity to test 97.00 barrier, and it might continue the rise to test the resistance line formed at 98.95 after breaking it previously before turning back to resume the main bearish track, as the price is affected by stochastic positivity.
In general, we will continue to suggest the overall bearish trend conditioned by the price stability below 98.95, organized inside the bearish channel that appears on the chart, noting that our next negative targets start at 92.80 and extend to 89.80.
The expected trading range for today is between 93.00 support and 98.95 resistance.
The expected trend for today: Overall bearish
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