Crude oil price is recovering – Analysis - 29-06-2023
Economies.com
2023-06-29 04:01AM UTC
Crude oil price breached 68.75 level clearly and ended yesterday above it, to head towards building bullish wave that its targets begin at 70.00 and extend to 71.55 after surpassing the previous level.
Therefore, the bullish bias will be suggested for the upcoming sessions, and the price needs to surpass 69.45 to ease the mission of achieving the waited targets, noting that breaking 68.75 will stop the expected rise and push the price to decline again.
The expected trading range for today is between 68.00 support and 71.00 resistance.
The expected trend for today: Bullish
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