Midday update for Crude oil 22-06-2021
Economies.com
2021-06-22 09:00AM UTC
Crude oil price faces negative pressure now to attack 72.70, which urges caution from the upcoming trading, as breaking this level will push the price to achieve additional decline as a bearish correction for the last bullish wave and head towards 72.00 and might extend to 71.15, while the price needs to surpass 73.30 to reinforce the chances of resuming the bullish trend that its next targets located at 74.00 and extend to 75.55.
The expected trading range for today is between 72.00 support and 75.00 resistance.
The expected trend for today: Bullish
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