Evening update for Crude oil price 23-05-2023

Crude oil price rallied upwards strongly to breach 72.70 resistance and reach the first expected positive target at 73.80, to hint heading to activate the positive scenario in the upcoming period, noting that the price is testing the support base formed at the breached resistance, which urges caution from the upcoming trading, as consolidating above it will push the price to achieve additional gains that surpass 73.80 to reach 76.10, while trading below it will put the price within the symmetrical triangle again.