Midday update for Crude oil 01-07-2022

2022-07-01 09:17:42 GMT (

Crude oil price trades with strong positivity to breach 104.60 level and reach 106.00 barrier, which hints the attempt to recover and return to rise, to stay neutral until the price confirms its situation according to the first level, as consolidating above it will lead the price to achieve positive targets that reach 109.15, while breaking it and trading below it again will reactivate the negative scenario that its targets begin at 101.20 and extend to 98.95.


The expected trading range for today is between 103.00 support and 108.00 resistance.

The expected trend for today: Neutral

More Analysis

Risk Disclaimer : Economies would like to remind you that the data provided in this site is not necessarily in real time or accurate. All stock prices, indices, futures and foreign exchange rates are not provided by exchanges but by market makers, so prices may not be accurate, may differ from the price of the actual market, which means that the quotes represent an indication and are not suitable for commercial purposes. Therefore Economies does not assume any responsibility for any business losses that may be incurred as a result of the use of this data.