Crude oil price surpasses the first target – Analysis - 19-07-2022
Economies.com
2022-07-19 04:17AM UTC
Crude oil price rallied upwards strongly to succeed achieving our first waited target at 98.25, and breached it to close the daily candlestick above it and confirm the continuation of the bullish wave on the intraday and short term basis, paving the way to head towards 101.95 as a next positive target.
Therefore, the bullish trend scenario will remain valid and active for the upcoming period, noting that breaking 98.25 will stop the suggested rise and press on the price to turn to decline.
The expected trading range for today is between 96.00 support and 102.00 resistance.
The expected trend for today: Bullish
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