Crude oil price succeeds to breach – Analysis - 30-05-2022
1 year ago

Crude oil price managed to breach 113.70 level and close the daily candlestick above it, starting today with clear positivity to move away from the mentioned level, reinforcing the expectations of continuing the bullish trend in the upcoming sessions, and the way is open to head towards our positive targets that start at 117.00 and extend to 119.35.


Holding above 113.70 is important to continue the expected rise, as breaking it will press on the price to turn to decline and achieve negative targets that start by testing 112.00 areas.



The expected trading range for today is between 113.70 support and 117.50 resistance.

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The expected trend for today: Bullish

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