Crude oil price keeps its positive stability – Analysis - 02-06-2020

2020-06-02 04:15:00 GMT (Economies.com)
 

Crude oil price shows positive trades after leaning on 34.60 level, to approach the key resistance 36.10, and as we mentioned yesterday, the price needs to breach this level to confirm the continuation of the main bullish trend that moves organized inside the bullish channel that appears on the chart, noting that the expected targets reach 41.04 followed by 43.05.

 

Therefore, we will continue to suggest the bullish trend for the upcoming period conditioned by the price stability above 34.60 and 34.20 levels.

 

The expected trading range for today is between 34.20 support and 37.50 resistance.

The expected trend for today: Bullish

 

 
 
 
  Symbol Last Change Chg.%
1.1246
-0.0031
0.2718%
1.2486
0.0178
1.4462%
Tadawul
7312.24
58.91
0.81%
18.047
0.268
1.507%
40.285
1.510
3.894%
42.80
-0.34
0.79%
1774.730
3.115
0.176%
 
 
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