Crude oil price around the moving average – Analysis - 26-09-2023
2023-09-26 03:39AM UTC

Crude oil price reached the thresholds of the first waited target at 89.35, fluctuating around the EMA50 now, waiting to resume the negative trades to break the mentioned level and open the way to achieve more bearish correction, reminding you that the next target reaches 87.16.


Therefore, we will continue to suggest the bearish trend in the upcoming sessions, taking into consideration that breaching 91.10 will stop the negative scenario and lead the price to attempt to regain the main bullish trend again.



The expected trading range for today is between 88.30 support and 91.20 resistance.


The expected trend for today: Bearish

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