Crude oil price attempts to recover – Analysis - 26-03-2021
Economies.com
2021-03-26 04:43AM UTC
Crude oil price shows positive trades after touching 57.40 level yesterday, to head towards potential retest to the key resistance 59.85, noticing that the EMA50 continues to press negatively on the price, to support the continuation of the expected bearish trend scenario for the upcoming period, which its next targets extend to reach 54.85.
Note that breaching 59.85 and holding above it will stop the suggested negative scenario and lead the price to turn to rise.
The expected trading range for today is between 57.50 support and 60.50 resistance.
The expected trend for today: Bearish
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