Crude oil price faces intraday negative pressure – Analysis - 11-06-2021
Economies.com
2021-06-11 04:04AM UTC
Crude oil price shows new negative trades by today’s open, to test the bullish channel’s support line, and the price needs to hold above this support at 69.90 to keep the bullish trend active, as breaking it will force the price to suffer intraday losses and visit 68.00 areas before any new attempt to rise.
Note that breaching 70.60 is required to ease the mission of heading towards our expected positive target at 72.20.
The expected trading range for today is between 68.70 support and 71.50 resistance.
The expected trend for today: Bullish
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