Commodities

Midday update for Crude oil 01-07-2022

2022-07-01 09:17:42 GMT (Economies.com)

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

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