Crude oil price attempts positively – Analysis - 07-07-2020
Economies.com
2020-07-07 04:28AM UTC
Crude oil price provided calm positive trades yesterday and attempted to surpass 40.41 level, but it doesn’t have enough positive momentum to continue rising, which makes us continue with our neutrality until we get clearer signal for the next trend, which we will get throught confirming surpassing the mentioned level or breaking the support that rises now to 39.25.
Note that breaching the mentioned resistance will lead the price to achieve additional gains and visit 43.05 areas initially, while breaking the support will press on the price to suffer intraday basis that start at 36.10.
The expected trading range for today is between 39.00 support and 42.00 resistance.
The expected trend for today: Neutral
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