Midday update for Crude oil 07-08-2020

2020-08-07 10:22:49 GMT (Economies.com)
 

Crude oil price shows negative trades to approach the key support 41.05, and as we mentioned this morning, the price needs to hold above this level to keep the bullish trend scenario valid for the upcoming period, supported by the EMA50, reminding you that our waited targets begin at 43.05 and extend to 45.00.

 

The expected trading range for today is between 40.50 support and 43.50 resistance.

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.1859
-0.0020
0.1642%
1.2949
0.0050
0.3849%
Tadawul
8364.61
6.65
0.08%
26.902
-0.109
0.404%
40.845
3.785
10.213%
43.15
-0.26
0.60%
1950.760
-3.465
0.177%
 
 
Live Forex Updates