Crude oil price provides new negative trades to attack the intraday bullish channel’s support line, which urges caution from the upcoming trading, as the continuation of the bearish bias and breaking 40.30 will stop the recently suggested positive scenario and press on the price to turn to decline.

Previous Analysis

Next Analysis

Main

Forex

Indices

	Symbol	Last	Change	Chg.%
	EUR/USD	1.1860	0.0081	0.6868%
End of day analysis for the EURUSD 23-10-2020
	GBP/USD	1.3045	0.0058	0.4481%

	Tadawul	8505.18	18.45	0.22%

	Silver	24.606	-0.168	0.676%

	Oil	39.735	-1.208	2.949%
End of day analysis for Crude oil 23-10-2020
	Brent Oil	41.65	-0.81	1.91%

	Gold	1902.820	-9.195	0.481%
End of day analysis for Gold 23-10-2020

Live Forex Updates

Dollar continues to weaken after economic data

2020-10-23 19:17:07 GMT

US oil drilling rigs decline for fifth straight week - Baker Hughes

2020-10-23 17:32:59 GMT

Dollar resumes losses ahead of key US data

2020-10-23 12:14:52 GMT

Euro on track for largest weekly profit in three months

2020-10-23 08:30:44 GMT

Risk Disclaimer: Economies.com is a financial portal that provides news and analysis about the different financial markets. The articles that we serve on the portal depend solely on the opinion and analysis of our economists which in no way are intended to incite a visitor of the website or an investor to trade or sell/buy a certain instrument. It is the responsibility of the visitor / trader only to evaluate his trading strategies and whether he is capable of trading with taking into consideration that losing all the capital invested is a possibility. The visitor should seek an independent professional financial advisor to discuss his or her trading strategies. Moreover, the provided rates for the different instruments are indicative only and cannot be used for trading purposes. Therefore, no responsibility can be imposed on Economies.com and the company operating the portal for any loss of money that may occur to the visitor by using the website.