End of day analysis for Crude oil 27-03-2020

Economies.com
2020-03-27 17:35PM UTC

Crude oil price traded negatively to break 23.50 level and tests the bullish trend line that papears on the chart, which hints that the price faces continuous negative pressure that might push trades to achieve more decline in the upcoming period, as breaking 22.55 represents the confirmation key to the continuation of the bearish bias and head towards 20.00 as a next negative station, while breaching 23.50 represents initial positive key to regain the intraday bullish trend.

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