Midday update for Crude oil 29-07-2022

Economies.com
2022-07-29 10:31AM UTC

Crude oil price resumes its positive trading to approach from our waited initial target at 98.25, affected by stochastic positivity, to support the chances for surpassing the mentioned level and opening the way towards achieving more of the gains in the upcoming period, and its next target reaches to 100.40, reminding you that the continuation of the bullish wave depends on the stability above 94.90 level.

 

The expected trading range for today is between 94.00 support and 98.80 resistance.

The expected trend for today: Bullish

 

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