Crude oil price is recovering – Analysis - 22-07-2022
Economies.com
2022-07-22 04:09AM UTC
Crude oil price found solid support at 95.40 level, to rebound bullishly and begin to recover and attempt to achieve intraday gains, targeting visiting 98.25 level initially.
Therefore, we expect the continuation of the bullish bias in the upcoming sessions, and breaching the mentioned level will push the price to 99.55 as a next target, noting that breaking 95.40 will stop the expected rise and press on the price to resume the bearish wave within the bearish wave that appears on the chart.
The expected trading range for today is between 95.00 support and 99.55 resistance.
The expected trend for today: Bullish
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