Crude oil price keeps its positive stability – Analysis - 28-07-2021

2021-07-28 04:16:57 GMT (Economies.com)
 

Crude oil price made new test to 71.05 level and bounced bullishly from there, which keeps the bullish trend scenario valid and active for the upcoming period, and we believe that the way is open to visit 73.30 as a next main target.

 

The EMA50 continues to support the suggested bullish wave, noting that breaking 71.05 will press on the price to return to the correctional bearish track again.

 

The expected trading range for today is between 71.05 support and 73.80 resistance.

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.1621
0.0010
0.0887%
1.3754
0.0015
0.1103%
Tadawul
11878.29
32.36
0.27%
24.392
1.079
4.628%
84.543
1.197
1.436%
86.00
0.42
0.49%
1799.315
29.575
1.671%
 
 
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