Evening update for Crude oil 07-01-2022

Economies.com
2022-01-07 17:12PM UTC

Crude oil price faces negative pressure to break 79.40 level and heads towards testing the bullish channel’s support line around 77.95, which urges caution from the upcoming trading, as continuing the bearish bias will press on the price to suffer additional losses that reach 76.40, while breaching 79.80 will lead the price to resume the main bullish trend that its next target located at 81.75.

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