Crude oil price attempts to recover – Analysis - 02-04-2020

Crude oil price found solid support at 20.00$ barrier, to trade positively and reach 21.50, noticing that the price moves within sideways track recently, and it might test this range’s resistance before turning back to decline again.

In general, we will continue to suggest the overall bearish trend unless the price continued to rise to breach 21.85 and settle above it, noting that our main waited targets begin at 20.00 and extend to 19.00.

The expected trading range for today is between 19.00 support and 22.50 resistance.

The expected trend for today: Bearish