Crude oil price suffers more losses – Analysis - 20-06-2022
Economies.com
2022-06-20 04:24AM UTC
Crude oil price settles below 109.15 level, to keep the negative pressure valid for the upcoming period, waiting to visit 104.60 that represents our next negative target.
The EMA50 continues to support the suggested bearish wave, noting that breaking the targeted level will push the price to suffer additional losses that reach 100.00 followed by 98.95, while breaching 109.15 represents the key to start recovery attempts and start bullish wave that targets 113.70 areas initially.
The expected trading range for today is between 104.00 support and 109.50 resistance.
The expected trend for today: Bearish
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