The price is on the way to hit the $91.19 level. The momentum still respecting the resistance and support zones constructed yesterday as well as both major and daily basis trend lines. Price over the minor trend which promises a good quick profit for sellers.
Trade closed: target reached:
Comment: The price hits the $93.01 which agreed with predictions for early buyers. Price reaching the target which was the upper resistant zone and will try to approach its positioning to 04/02/22 level. The expected increase in interest rate on USD is attracting buyers in the next short period in addition to weak performance in other sectors of speculation
Comment:
The news coming from Ukraine will affect the oil price in the uptrend way. Other sectors and FOREX will negatively be affected downwards.