Crude oil price tests the resistance – Analysis - 29-09-2020
Economies.com
2020-09-29 03:46AM UTC
Crude oil price made new test to the sideways range’s resistance at 40.58 and bounced bearishly from there, to keep the sideways range dominant on the intraday trading between the mentioned resistance and 39.34 support, and the price needs to breach one of these levels to detect its next targets clearly.
Note that breaching the mentioned resistance will push the price to achieve new gains that reach 41.69, while breaking the support will press on the price to test 38.80 followed by 38.10 areas initially.
The expected trading range for today is between 39.00 support and 41.70 resistance.
The expected trend for today: Sideways
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