Crude oil price keeps its positive stability – Analysis - 07-06-2022
Economies.com
2022-06-07 04:08AM UTC
Crude oil price faced negative pressure yesterday to touch 116.00 level, but it bounced bullishly to settle above 117.30 again, which keeps the bullish trend scenario valid and active for the upcoming period, supported by stochastic positivity, waiting to test 119.35 initially, reminding you that breaching this level will extend the bullish wave to reach 121.10.
We remind you that breaking 117.30 will push the price to achieve intraday bearish correction before turning back to rise again.
The expected trading range for today is between 116.00 support and 120.50 resistance.
The expected trend for today: Bullish
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