Crude oil price still stuck – Analysis - 02-07-2020
Economies.com
2020-07-02 04:36AM UTC
Crude oil price still confined between the next trend keys represented by 40.41 resistance and the support line that rises now to 38.35, thus, our neutrality will remain valid until the price manages to breach one of these levels to detect the next destination clearly.
Note that breaching the resistance will motivate the price to continue the main bullish trend, to head towards achieving new gains that start at 43.05, while breaking the support will put the price under negative pressure that targets testing 36.10 level initially.
The expected trading range for today is between 38.35 support and 41.30 resistance.
The expected trend for today: Neutral
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