Midday update for Crude oil 30-10-2020

2020-10-30 10:35:47 GMT (Economies.com)
 

Crude oil price trades positively to test the previously broken support at 36.10, and we need to monitor this level, as breaching it will push the price to test 37.55 before any new attempt to decline.

 

In general, the bearish trend scenario will remain valid and active for today unless the price rallied to breach 37.55 level and hold above it, reminding you that our waited target reaches 34.30.

 

The expected trading range for today is between 35.00 support and 37.55 resistance.

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.1905
0.0011
0.0904%
1.3386
0.0003
0.0239%
Tadawul
8688.76
21.04
0.24%
23.401
-0.644
2.680%
45.330
2.505
5.849%
48.37
0.51
1.07%
1811.515
-54.995
2.946%
 
 
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