Midday update for Crude oil 06-06-2022
Economies.com
2022-06-06 10:12AM UTC
Crude oil price shows negative trades to approach the key support 117.35, which urges caution from the upcoming trading, as the price needs to hold above this level to keep the bullish trend active for today, as breaking it will put the price under intraday correctional bearish pressure, while breaching 118.20 will ease the mission of heading towards our waited positive targets that start at 119.35 and extend to 121.10.
The expected trading range for today is between 116.00 support and 121.00 resistance.
The expected trend for today: Bullish
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