Crude oil price surpasses the first target – Analysis - 05-05-2021

2021-05-05 00:56:45 GMT (Economies.com)
 

Crude oil price confirmed breaching 65.60 level and settles above 66.00 barrier now, which support the continuation of our bullish overview efficiently for the upcoming period, opening the way to head towards our next station that reach 67.95.

 

Therefore, we will continue to suggest the bullish trend on the intraday and short term basis supported by the EMA50, noting that holding above 65.60 represents initial condition to continue the suggested bullish wave.

 

The expected trading range for today is between 65.00 support and 67.95 resistance.

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.2082
-0.0091
0.7443%
1.4037
-0.0099
0.7010%
Tadawul
10322.68
86.96
0.85%
26.892
-0.912
3.282%
64.579
-0.813
1.243%
67.96
-1.36
1.96%
1816.020
-28.205
1.529%
 
 
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