Crude oil price gets negative close – Analysis - 23-06-2022

2022-06-23 04:32:54 GMT (Economies.com)
 

Crude oil price showed mixed trades yesterday after achieving our first waited negative target at 101.50 but it closed the daily candlestick below 104.60, to reinforce the expectations of continuing the bearish trend in the upcoming sessions, organized inside the bearish channel that appears on the chart, waiting to head towards 98.95 as a next main target.

 

Therefore, we will continue to suggest the bearish trend on the intraday and short term basis, noting that breaching 104.60 will lead the price to start recovery attempts and achieve gains that start by visiting 109.15 areas.

 

The expected trading range for today is between 100.00 support and 105.00 resistance.

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The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.0427
-0.0154
1.4550%
1.2096
-0.0176
1.4311%
19.698
-1.669
7.811%
108.022
0.605
0.563%
111.50
2.47
2.27%
1799.775
-29.770
1.627%
 
 
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