Crude oil price suffers sharp losses – Analysis - 13-07-2022
Economies.com
2022-07-13 04:05AM UTC
Crude oil price traded with strong negativity yesterday to surpass our extended negative target at 94.70 and opens the way to continue the decline on the intraday and short term basis, on its way to visit the previously recorded low at 89.57 as a next negative station.
The bearish channel continues to push the price to achieve more expected decline in the upcoming sessions, noting that breaching 94.60 might push the price to achieve intraday gains and test 98.25 areas before any new attempt to decline.
The expected trading range for today is between 90.00 support and 96.00 resistance.
The expected trend for today: Bearish
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