Crude oil price reaches the positive target – Analysis - 06-06-2022
Economies.com
2022-06-06 04:25AM UTC
Crude oil price rallied upwards strongly in the previous sessions to reach few pips away from our waited target at 119.35, noticing that the price begins today with clear decline to test 117.30, and returns to resume the bullish bias now, to hint heading to surpass the mentioned target and open the way to achieve additional gains that reach 121.10.
Therefore, we will continue to suggest the bullish trend for the upcoming period, noting that breaking 117.30 will press on the price to achieve temoprary bearish correction before turning back to rise again.
The expected trading range for today is between 116.00 support and 121.00 resistance.
The expected trend for today: Bullish
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