Crude oil price makes new test to the key support 60.86, and it needs to break this level to confirm rallying towards our next correctional target at 57.33, noting that the EMA50 and stochastic provide negative signals that support the chances of continuing the decline in the upcoming sessions.

Therefore, our bearish overview will remain valid for today conditioned by the price stability below 62.20.

The expected trading range for today is between 59.00 support and 62.20 resistance.

The expected trend for today: Bearish

Previous Analysis

Next Analysis

Main

Forex

Indices

	Symbol	Last	Change	Chg.%
	EUR/USD	1.1095	0.0197	1.8104%
End of day analysis for the EURUSD 29-05-2020
	GBP/USD	1.2334	0.0148	1.2157%

	Tadawul	7050.66	0.49	0.01%

	Silver	17.820	0.709	4.141%

	Oil	34.966	1.536	4.595%
End of day analysis for Crude oil 29-05-2020
	Brent Oil	35.33	0.04	0.11%

	Gold	1732.325	4.465	0.258%
End of day analysi for Gold 29-05-2020

Live Forex Updates

US drilling rigs count continues to fall

2020-05-29 17:21:28 GMT

US consumer confidence rises as economy reopens

2020-05-29 15:34:56 GMT

Canadian economy shrinks at worst pace ever amid coronavirus pandemic

2020-05-29 12:43:19 GMT

US personal spending falls to new record low

2020-05-29 12:37:11 GMT

Risk Disclaimer: Economies.com is a financial portal that provides news and analysis about the different financial markets. The articles that we serve on the portal depend solely on the opinion and analysis of our economists which in no way are intended to incite a visitor of the website or an investor to trade or sell/buy a certain instrument. It is the responsibility of the visitor / trader only to evaluate his trading strategies and whether he is capable of trading with taking into consideration that losing all the capital invested is a possibility. The visitor should seek an independent professional financial advisor to discuss his or her trading strategies. Moreover, the provided rates for the different instruments are indicative only and cannot be used for trading purposes. Therefore, no responsibility can be imposed on Economies.com and the company operating the portal for any loss of money that may occur to the visitor by using the website.