No news for Crude oil price – Analysis - 06-07-2020

2020-07-06 04:29:26 GMT (Economies.com)
 

Crude oil price continues to fluctuate around 40.41 resistance line, which represents one of the next trend keys besides the support line that rises now to 38.90, which makes us continue with our neutrality until we get clearer signal for the next trend and breaching one of the mentioned levels.

 

Note that breaching the mentioned resistance and holding with a daily close above it will push the price to resume the main bullish trend that its next target located at 43.05, while breaking the support represents negative factor that will press on the price to test 36.10 level initially.

 

The expected trading range for today is between 39.00 support and 41.60 resistance.

The expected trend for today: Neutral

 
 
 
  Symbol Last Change Chg.%
1.1754
0.0044
0.3775%
1.3065
0.0050
0.3876%
Tadawul
7459.21
4.14
0.06%
24.259
0.011
0.047%
41.230
0.795
1.966%
44.30
0.78
1.79%
1971.725
2.370
0.120%
 
 
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