End of day analysis for Crude oil 06-04-2020
Economies.com
2020-04-06 17:26PM UTC
Crude oil price faces additional negative pressure to break 26.94 level and attempts to hold below it, which hints that the price is on its way to test the key support 25.60 before attempting to resume the bullish trend for the upcoming period,.
Therefore, we might witness more intraday decline before rising again, noting that stepping above 26.94 again will reactivate the positive scenario and leads the price to head towards 30.00 as a next main target.
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