End of day analysis for Crude oil 03-08-2020

Economies.com
2020-08-03 17:10PM UTC

Crude oil price trades with clear positivity to breach 40.50 level and settles above it, which hints the price to head to recover in the upcoming period, noting that closing the daily candlestick below this level will push the price to 42.25 initially, while trading below it will press on the price to resume the bearish trend that its first target located at 38.50.

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