Midday update for Crude oil 10-06-2022
Economies.com
2022-06-10 09:11AM UTC
Crude oil price shows positive attempts now and attempts to step above 119.35 level, which urges caution from the upcoming trading, as surpassing this level followed by breaching 120.30 will stop the morning suggested negative scenario and lead the price to regain the main bullish trend again, while the price needs to consolidate below 119.35 to resume the bearish bias that its main targets located at 117.10 followed by 115.70.
The expected trading range for today is between 116.00 support and 120.50 resistance.
The expected trend for today: Bearish
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