Crude oil price keeps its positive stability – Analysis - 25-06-2021

2021-06-25 03:54:59 GMT (Economies.com)
 

Crude oil price tested 72.50 level and bounced bullishly from there, to keep the bullish trend scenario valid and active on the intraday and short term basis, which targets 75.55 as a next station, noting that the EMA50 continues to support the suggested bullish wave.

 

We should note that holding above 72.50 is important to achieve the waited targets, as breaking it will press on the price to start correctional bearish wave on the intraday basis before turning back to rise again.

 

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.%
1.1739
0.0025
0.2121%
1.3720
0.0044
0.3221%
Tadawul
11270.57
-40.58
0.36%
22.683
0.383
1.718%
73.431
2.498
3.522%
77.41
0.17
0.22%
1752.165
-4.640
0.264%
 
 
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