Midday update for Crude oil 17-06-2022
Economies.com
2022-06-17 09:20AM UTC
Crude oil price shows clear positive trades to attack 115.60 level, which urges caution from the upcoming trading, as confirming the breach followed by surpassing 116.30 barrier will push the price to achieve additional gains and head towards 119.35 areas mainly, while the price needs to trade below 115.60 again to resume the bearish trend that its targets begin by breaking 113.70 to open the way to head towards 111.00 followed by 109.15 levels.
The expected trading range for today is between 111.00 support and 117.00 resistance.
The expected trend for today: Bearish
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