Crude oil price is recovering – Analysis - 04-07-2022

2022-07-04 03:56:53 GMT (Economies.com)
 

Crude oil price settles above 106.00 barrier, to support he chances of achieving more expected gains on the intraday basis, targeting visiting 109.15 level as a next main station.

 

Therefore, we suggest witnessing more rise in the upcoming sessions, noting that breaking 104.60 will stop the negative scenario and press on the price to decline again.

 

The expected trading range for today is between 104.60 support and 110.00 resistance.

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The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
0.9819
0.0163
1.6928%
1.1124
0.0303
2.8045%
18.816
-0.042
0.223%
81.609
2.315
2.920%
88.58
-0.76
0.85%
1660.490
15.130
0.920%
 
 
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