Crude oil price recovers – Analysis - 26-06-2020

Crude oil price ended yesterday above 38.85, which leads the price to achieve more expected rise in the upcoming sessions, waiting to test 40.41 level as a first station, noting that breaching this level will push the price to 43.05 as a next main target.

Therefore, the bullish bias will be suggested for today, noting that breaking 38.85 followed by 37.35 levels will stop the expected rise and press on the price to decline again and head towards achieving negative targets that start at 36.10 and extend to 32.40.

The expected trading range for today is between 38.00 support and 41.00 resistance.

The expected trend for today: Bullish