Crude oil price presses on the support – Analysis - 03-02-2023
4 months ago

Crude oil price attempts to break 75.65 level, to hint heading to achieve more decline in the upcoming sessions, organized inside the bearish channel that appears on the chart, to target 74.10 areas initially.


Therefore, the bearish bias will be suggested for today, noting that breaching 76.20 will stop the expected decline and lead the price to recover and attempt to build bullish wave on the intraday basis.


The expected trading range for today is between 73.80 support and 77.00 resistance.

The expected trend for today: Bearish

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