Midday update for Crude oil 06-04-2020
Economies.com
2020-04-06 10:50AM UTC
Crude oil price shows some bearish bias now affected by stochastic negativity, which gains the positive momentum and approaches the oversold areas, noting that holding above 26.95 represents initial condition to continue the expected bullish trend for today, as breaking it will press on the price to test the most important support at 25.60 before any new attempt to rise, while our next main positive target located at 30.00.
The expected trading range for today is between 26.00 support and 30.00 resistance.
The expected trend for today: Bullish
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