Crude oil price returns to the bullish track – Analysis - 23-07-2021
Economies.com
2021-07-23 03:49AM UTC
Crude oil price ended yesterday above 71.05 level after the new bullish rally that it witnessed in the previous sessions, to return to the main bullish track again and stop the bearish correction that dominated the recent trades, on its way to achieve gains that start at 73.30 and extend to 75.00.
Therefore, the bullish trend will be suggested for the upcoing sessions, noting that breaking 71.05 – 70.70 levels will stop the expected rise and put the price under the negative pressure again.
The expected trading range for today is between 70.20 support and 73.30 resistance.
The expected trend for today: Bullish
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