End of day analysis for Crude oil 05-08-2020
Economies.com
2020-08-05 17:07PM UTC
Crude oil price managed to achieve our first waited target at 43.05 and faces solid resistance barrier there, while the EMA50 keeps providing the positive support to the price, waiting to breach this level and confirm rallying towards our next station at 45.00.
In general, we will continue to suggest the bullish trend for the upcoming period unless breaking 40.50 and holding below it.
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