Crude oil price managed to break 54.60 level to approach closing the week below it, which reinforces the expectations of extending the bearish wave on the short term basis, paving the way to head towards 51.80 that represents our next main target, noting that holding below 54.60 represents initial condition to continue the suggested bearish trend.

Previous Analysis

Next Analysis

Main

Forex

Indices

	Symbol	Last	Change	Chg.%
	EUR/USD	1.1028	0.0213	1.9667%
End of day analysis for the EURUSD 28-02-2020
	GBP/USD	1.2823	-0.0125	0.9646%

	Tadawul	7628.34	-82.78	1.07%

	Silver	16.625	-1.867	10.098%

	Oil	45.367	-7.965	14.935%
End of day analysis for Crude oil 28-02-2020
	Brent Oil	50.52	-1.66	3.18%

	Gold	1582.905	-60.740	3.695%
End of day analysis for Gold 28-02-2020

Live Forex Updates

Dollar slips as markets fall under pressure

2020-02-28 19:18:07 GMT

US oil drilling rigs count slips this week

2020-02-28 18:16:04 GMT

Canadian economy grows in December

2020-02-28 13:35:47 GMT

US personal spending falls short of expectations in January

2020-02-28 13:34:03 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.