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On June 16, analysts at Economies have the latest opinion today: Crude oil prices closed above $70.00 yesterday, and we recommend continuing the bullish trend on an intraday basis, with a test of 71.55 as the next target. It is worth noting that breaking through this level will Push the price towards the 73.80 area as the next major target.
Therefore, in future trading, the bullish preference will be supported by the fact that the price has risen above the EMA50. Note that a break below 70.05 will prevent the expected rise and push the price to fall again and test the 68.75 support.
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Today’s expected trading range is between 69.20 support and 72.30 resistance.
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