Midday update for Crude oil 14-02-2020

2020-02-14 11:09:25 GMT (Economies.com)
 

Crude oil price trades positively to breach 51.80, which urges caution from the upcoming trading, as confirming breaching this level by getting a daily close above it will stop the recently suggested negative scenario and leads the price to achieve intraday gains that it target 54.60 as a first station, while the price needs to trade below 51.80 again to resume the decline that its next main target located at 48.30.

 

The expected trading range for today is between 49.50 support and 53.00 resistance.

 

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.1849
0.0083
0.7058%
1.3101
0.0030
0.2265%
Tadawul
7704.25
49.87
0.65%
25.949
-2.599
9.106%
41.965
-0.020
0.048%
44.70
-0.26
0.58%
1935.920
-99.475
4.887%
 
 
Live Forex Updates