End of day analysis for Crude oil 22-05-2020

2020-05-22 17:46:10 GMT (Economies.com)
 

Crude oil price bounced downwards clearly after the decline that it witnessed today, to approach the broken support of the bullish channel that appears on the chart, which urges caution from the upcoming trading, as continuing the rise and breaching 33.65 will push the back to the bullish channel and achieve positive targets that reach 36.00, whilc consolidating below the support will press on the price to visit 28.80 as a main negative target.

 
 
 
  Symbol Last Change Chg.%
1.1235
0.0116
1.0464%
1.2576
0.0162
1.3046%
Tadawul
7222.41
-62.82
0.86%
17.646
-0.433
2.398%
36.622
2.135
6.191%
39.79
0.22
0.56%
1699.520
-33.165
1.914%
 
 
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