Midday update for Crude oil 09-06-2023
Economies.com
2023-06-09 09:22AM UTC
Crude oil price shows positive trades now to test the key resistance 71.55, which urges caution from the upcoming trading, as the price needs to hold below this level to keep the bearish trend active for today, which targets 68.75 again.
Note that confirming breaching 71.55 will push the price to turn to rise and build bullish wave that targets visiting 73.80 mainly.
The expected trading range for today is between 69.00 support and 72.20 resistance.
The expected trend for today: Bearish
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