Crude oil price keeps rising – Analysis - 23-09-2021

2021-09-23 03:33:20 GMT (Economies.com)
 

Crude oil price shows more bullish bias to surpass 72.00 barrier and settles above it, which supports the expectations of continuing the bullish trend, which targets 73.30 as a next station, noting that the EMA50 protects trades inside the bullish channel that appears on the chart, to support the chances of surpassing the mentioned level and extend the bullish wave towards 75.00 areas on the near term basis.

 

Therefore, we will continue to suggest the bullish trend for the upcoming period unless breaking 71.05 and holding below it.

 

The expected trading range for today is between 71.05 support and 74.00 resistance.

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.1606
0.0036
0.3139%
1.3751
0.0123
0.9053%
Tadawul
11773.36
25.09
0.21%
23.335
0.700
3.090%
82.022
0.902
1.112%
84.86
0.86
1.02%
1767.855
13.150
0.749%
 
 
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