Crude oil price within tight track – Analysis - 26-03-2020

2020-03-26 05:56:43 GMT (Economies.com)
 

Crude oil price shows sideways and tight trades since yesterday’s evening, settling above 25.00$ barrier, noticing that stochastic shows positive signals now, waiting to motivate the price to resume the intraday bullish trend, which targets 27.65 followed by 28.60 levels mainly.

 

Therefore, we will continue to suggest the bullish trend for the upcoming period, reminding you that the continuation of the suggested rise conditions holding above 24.25.

 

The expected trading range for today is between 24.00 support and 28.00 resistance.

 

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.0809
-0.0326
2.9264%
1.2267
-0.0188
1.5090%
Tadawul
6752.19
2.50
0.04%
14.417
-0.029
0.201%
28.815
6.987
32.012%
34.94
5.00
16.70%
1620.000
-0.150
0.009%
 
 
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