Midday update for Crude oil 05-08-2020
Economies.com
2020-08-05 09:08AM UTC
End of day analysis for Crude oil 05-08-2020
Crude oil price shows new positive trades to approach gradually from our first waited target at 43.05, waiting for more rise to surpass this level and open the way to head towards our next target that reaches 45.00.
Therefore, the bullish trend will remain valid and suggested in the upcoming sessions supported by the EMA50, reminding you that the continuation of the bullish wave conditions holding above 40.50.
The expected trading range for today is between 40.50 support and 43.50 resistance.
The expected trend for today: Bullish
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