Crude oil price needs the positive momentum – Analysis - 25-05-2022

2022-05-25 04:10:17 GMT (Economies.com)
 

Crude oil price provides new positive trades after testing 109.14 level again in the previous sessions, getting good positive support by the EMA50, waiting for more expected rise in the upcoming sessions, reminding you that our main expected target reaches 113.70.

 

Holding above 109.14 is important to continue the suggested bullish wave, as breaking it will press on the price to turn to decline and suffer losses that start by visiting 107.00 followed by 104.60 areas.

 

The expected trading range for today is between 108.50 support and 113.70 resistance.

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The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.0496
-0.0094
0.8831%
1.2174
-0.0131
1.0660%
22.496
-0.661
2.854%
76.166
-5.309
6.516%
81.71
-0.91
1.10%
1774.390
-21.170
1.179%
 
 
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