Crude oil price is recovering – Analysis - 28-07-2022
Economies.com
2022-07-28 04:01AM UTC
Crude oil price leaned on the bullish channel’s support line and bounced upwards to build new bullish wave, as it tests 98.25 level now, to hint heading to achieve more gains, noting that breaching the mentioned level will push the price to head towards 100.60 followed by 103.60 levels as next main stations.
Therefore, we expect to witness more rise in the upcoming sessions, noting that failing to breach 98.25 will put the price under the negative pressure again, to head towards 95.70 initially.
The expected trading range for today is between 96.00 support and 100.60 resistance.
The expected trend for today: Bullish
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