Crude oil price hits the first target – Analysis - 24-09-2021

2021-09-24 04:10:37 GMT (Economies.com)
 

Crude oil price succeeded to achieve our first waited target at 73.30 and attempts to breach it, as the price is organized inside the bullish channel that supports the chances of extending the bullish wave towards 75.00.

 

Therefore, the bullish trend will remain dominant in the upcoming sessions supported by the EMA50, taking into consideration that failing to achieve the required breach might force the price to decline to test 71.05 areas again before any new attempt to rise.

 

The expected trading range for today is between 72.00 support and 75.00 resistance.

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.1623
0.0012
0.0995%
1.3768
0.0029
0.2136%
Tadawul
11891.39
45.46
0.38%
24.410
1.097
4.705%
84.532
1.186
1.423%
86.10
0.56
0.65%
1800.755
31.015
1.752%
 
 
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