Crude oil price confirms the break – Analysis - 22-04-2021
Economies.com
2021-04-22 00:43AM UTC
Crude oil price confirmed breaking 62.20 after closing the daily candlestick below it, which put the price under more expected negative pressure in the upcoming sessions, noting that our waited target is located at 59.85.
We should note that the continuation of the negative pressure and breaking the mentioned level will extend the bearish wave to reach 58.00 as a next negative station, while the expected decline will remain valid unless the price rallied to breach 62.20 and hold above it again.
The expected trading range for today is between 59.50 support and 62.20 resistance.
The expected trend for today: Bearish
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