Midday update for Crude oil 14-08-2020

2020-08-14 09:25:39 GMT (Economies.com)
 

Crude oil price faces negative pressure to test the EMA50, which urges caution from the upcoming trading, as the continuation of the decline and breaking 41.05 will stop the recently suggested positive scenario and press on the price to start intraday bearish correction, noting that stochastic continues to provide positive signals that we are waiting to assist to push the price to rise again and achieve our positive targets that start at 43.05 and extend to 45.00.

 

The expected trading range for today is between 41.05 support and 44.50 resistance.

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.1744
0.0073
0.6268%
1.2886
0.0018
0.1434%
Tadawul
8295.05
-23.00
0.28%
23.835
0.479
2.051%
38.599
-1.691
4.197%
40.93
-1.61
3.78%
1905.670
32.975
1.761%
 
 
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