Crude oil price keeps the support base – Analysis - 11-05-2021

2021-05-11 00:13:17 GMT (Economies.com)
 

Crude oil price made new test to 64.35 level and kept its stability above it, getting continuous positive support by the EMA50, to keep the bullish trend suggested in the upcoming sessions, which targets 67.95 areas on the near term basis.

 

On the other hand, we should note that breaking 64.35 followed by 63.35 levels will stop the expected rise and press on the price to start correctional bearish wave.

 

The expected trading range for today is between 64.00 support and 66.60 resistance.

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.1846
0.0058
0.4912%
1.3906
0.0109
0.7893%
Tadawul
10933.73
22.68
0.21%
25.044
-0.167
0.662%
72.404
0.763
1.065%
74.74
0.31
0.42%
1809.305
7.170
0.398%
 
 
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