Commodities

Midday update for Crude oil 25-03-2020

2020-03-25 10:53:34 GMT (Economies.com)

Crude oil price shows some bearish bias to test the intraday bullish trend line, accompanied by stochastic reach to the oversold areas, waiting to motivate the price to resume the expected bullish trend for today, which targets 27.65 followed by 28.60 levels mainly, reminding you that it is important to hold above 24.25 to continue the suggested bullish wave.

 

The expected trading range for today is between 24.00 support and 28.60 resistance.

 

The expected trend for today: Bullish

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