Midday update for Crude oil 09-06-2022

Economies.com
2022-06-09 09:29AM UTC

Crude oil price shows some bearish bias to approach the key support 119.35, and as long as the price is above this level, our bullish overview will remain valid for today, as breaking it will press on the price to achieve intraday bearish correction, while the positive targets of the expected bullish wave are located at 121.50 and extend to 123.40.

 

The expected trading range for today is between 119.00 support and 123.00 resistance.

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The expected trend for today: Bullish

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