Midday update for Crude oil 21-07-2022
Economies.com
2022-07-21 09:50AM UTC
Crude oil price faced strong negative pressure to suffer clear losses and reach 95.00 level now, which turns the trend to decline within the bearish channel that appears on the chart, heading towards visiting 92.70 followed by 89.60 levels as next negative stations.
Therefore, the bearish bias will be suggested in the upcoming sessions unless breaching 98.25 and holding above it again.
The expected trading range for today is between 93.00 support and 98.25 resistance.
The expected trend for today: Bearish
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