Midday update for Crude oil 18-07-2022
Economies.com
2022-07-18 09:17AM UTC
Crude oil price managed to breach the neckline of the inverted head and shoulders’ pattern to activate the positive effect of this pattern and get positive motive that reinforces the continuation of the expected bullish trend scenario efficiently for the rest of the day, opening the wa to achieve our positive targets that start at 98.25 and extend to 10.00 after surpassing the previous level, taking into consideration that the continuation of the bullish wave requires holding above 93.60.
The expected trading range for today is between 93.00 support and 99.00 resistance.
The expected trend for today: Bullish
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