Midday update for Crude oil 07-04-2020

2020-04-07 10:37:05 GMT (Economies.com)
 

End of day analysis for Crude oil 07-04-2020

Crude oil price hovers around the bullish channel’s support line, getting positive support by the EMA50, waiting to resume the positive trades to visit 30.00 level as a next main target.

 

In general, we will continue to suggest the bullish trend for the upcoming period conditioned by the price stability above 25.60.

 

The expected trading range for today is between 25.60 support and 29.10 resistance.

 

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.1246
-0.0031
0.2718%
1.2486
0.0178
1.4462%
Tadawul
7388.49
76.25
1.04%
18.047
0.268
1.507%
40.285
1.510
3.894%
42.80
-0.34
0.79%
1774.730
3.115
0.176%
 
 
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