Crude oil price tests the resistance – Analysis - 03-07-2020
Economies.com
2020-07-03 04:10AM UTC
Crude oil price hovers around the key resistance 40.41 without managing to breach it, to remain confined between this resistance and the support line that rises now to 38.60, thus, we will continue with our neutrality until the price manages to confirm surpassing one of these levels to detect the next targets clearly.
We remind you that breaching the resistance will lead the price to continue the main bullish trend and achieve positive targets that start at 43.05, while breaking the support will push the price to decline and visit 36.10 level as a first negative station.
The expected trading range for today is between 39.00 support and 41.60 resistance.
The expected trend for today: Neutral
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