Crude oil price tests the resistance – Analysis - 04-01-2022
Economies.com
2022-01-04 05:17AM UTC
Crude oil price tested the bullish flag’s resistance that declines now to 76.40, reminding you that breaching this level will form strong positive motive that supports the expectations of continuing the main bullish trend.
Therefore, we will continue to suggest the bullish trend on the intraday and short term basis conditioned by the price stability above 74.85, reminding you that our next main target reaches 79.80.
The expected trading range for today is between 75.00 support and 78.00 resistance.
The expected trend for today: Bullish
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