Crude oil price suffers strong losses – Analysis - 02-02-2023
4 months ago

Crude oil price provided more negative trades to approach 75.65 level, starting today with bullish bias that hints heading to achieve some expected intraday gains, motivated by stochastic current positivity.


Therefore, the bullish bias will be expected for today, and the main target is represented by testing 78.95 level, noting that breaking 75.65 will stop the suggested rise and press on the price to suffer more losses in the upcoming period.


The expected trading range for today is between 75.65 support and 79.00 resistance.

The expected trend for today: Bullish

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