Crude oil price tests the channel’s support line – Analysis - 10-06-2021
Economies.com
2021-06-10 04:32AM UTC
Crude oil price traded with clear negativity yesterday to settle at the bullish channel’s support line that appears on the chart, accompanied by stochastic reach to the oversold areas, waiting to motivate the price to resume the main bullish trend, which its next main target located at 72.20.
The EMA50 supports the suggested bullish wave, noting that breaking 69.25 will press on the price to continue the decline and visit 68.00 level before any new positive attempt.
The expected trading range for today is between 68.20 support and 71.00 resistance.
The expected trend for today: Bullish
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