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CRUDE OIL OUTLOOK 22.06.20

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Oil prices nudged higher on Monday on tighter supplies from major producers, but concerns that a record rise in global coronavirus cases could curb a recovery in fuel demand checked gains.

Brent crude rose 9 cents, or 0.2%, to $42.28 a barrel by 0009 GMT, while U.S. crude was at $39.76 a barrel, up 1 cent.

IMPORTANT LEVELS FOR 22/06/2020

RESISTANCE 1 – 3088
RESISTANCE 2 – 3112
RESISTANCE 3 – 3137

SUPPORT 1 – 3014
SUPPORT 2 – 2990
SUPPORT 3 – 2962

Thanks!

ProCapitas Market-Pro Team

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