Crude oil price continues to rise – Analysis - 14-06-2021
1 year ago

Crude oil price resumes its positive trading by today’s open to move away from 71.00 barrier, reinforcing the expectations of achieving more gains in the upcoming period, reminding you that our first target is located at 72.20, which breaching it represents the key to rally towards 74.00 as a next main station.


On the other hand, we should note that breaking 70.55 will stop the suggested rise and press on the price to start correctional bearish wave on the intraday basis.


The expected trading range for today is between 70.00 support and 73.00 resistance.

The expected trend for today: Bullish

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