Crude oil price draws positive pattern – Analysis - 18-07-2022
Economies.com
2022-07-18 04:16AM UTC
Crude oil price found solid support at 89.57, as it forced it to rebound bullishly and prepare to achieve some expected gains in the upcoming sessions, and by taking a deeper look at the chart, we find that the price completes inverted head and shoulders’ pattern now, which means that breaching 95.40 will motivate the price to rally bullishly and achieve positive targets that start at 98.25 and extend to 100.00 as next main stations.
Therefore, the bullish bias will be suggested for the upcoming sessions unless breaking 93.60 followed by 92.80 levels and holding below them.
The expected trading range for today is between 93.00 support and 99.00 resistance.
The expected trend for today: Bullish
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