Crude oil price shows some slight bullish bias after approaching 38.10 level in the previous sessions, affected by stochastic positivity, while the EMA50 continues to press negatively on the price, waiting to resume the expected bearish trend for the upcoming period, which its next main target located at 36.10.

Holding below 39.35 is important to continue the expected decline, as breaching it will stop the suggested negative scenario and push the price to turn to rise and achieve gains that start at 40.85 followed by 41.70.

The expected trading range for today is between 37.00 support and 40.00 resistance.

The expected trend for today: Bearish

Previous Analysis

Next Analysis

Main

Forex

Indices

	Symbol	Last	Change	Chg.%
	EUR/USD	1.1911	-0.0143	1.1851%
End of day analysis for the EURUSD 05-03-2021
	GBP/USD	1.3838	-0.0097	0.6972%

	Tadawul	9242.28	-68.88	0.74%

	Silver	25.247	-1.621	6.035%

	Oil	66.283	4.812	7.828%
End of day analysis for Crude oil 05-03-2021
	Brent Oil	69.56	2.85	4.27%

	Gold	1700.790	-39.040	2.244%
End of day analysis for Gold 05-03-2021

Live Forex Updates

US economy adds more new jobs than expected

2021-03-05 13:36:39 GMT

US average hourly earnings rise in February

2021-03-05 13:34:47 GMT

US unemployment rate falls to lowest level since March 2020

2021-03-05 13:32:30 GMT

Euro sharpens decline to three-month low

2021-03-05 08:41:46 GMT

Risk Disclaimer: Economies.com is a financial portal that provides news and analysis about the different financial markets. The articles that we serve on the portal depend solely on the opinion and analysis of our economists which in no way are intended to incite a visitor of the website or an investor to trade or sell/buy a certain instrument. It is the responsibility of the visitor / trader only to evaluate his trading strategies and whether he is capable of trading with taking into consideration that losing all the capital invested is a possibility. The visitor should seek an independent professional financial advisor to discuss his or her trading strategies. Moreover, the provided rates for the different instruments are indicative only and cannot be used for trading purposes. Therefore, no responsibility can be imposed on Economies.com and the company operating the portal for any loss of money that may occur to the visitor by using the website.