Crude oil price crawls upwards – Analysis - 29-07-2021

2021-07-29 04:01:53 GMT (Economies.com)
 

Crude oil price trades with calm positivity to gradually approach our first waited target at 73.30, and we expect to breach this level to open the way to head towards 75.00 as a next target, as the price gets continuous positive support by the EMA50.

 

Therefore, the bullish trend scenario will remain suggested for the upcoming period unless breaking 71.05 and holding with a daily close below it.

 

The expected trading range for today is between 71.50 support and 74.00 resistance.

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.1292
0.0049
0.4339%
1.3338
-0.0068
0.5042%
Tadawul
11299.45
-68.73
0.60%
23.648
-0.839
3.428%
74.176
-1.674
2.207%
77.55
-4.71
5.73%
1808.835
-9.000
0.495%
 
 
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