Commodities

Midday update for Crude oil 26-10-2020

2020-10-26 09:18:12 GMT (Economies.com)

Crude oil price shows additional negative trades to approach our waited target at 38.10, reinforcing the expectations of continuing the decline for the rest of the day, reminding you that surpassing this level will push the price to suffer more losses that reach 36.10, while the expected decline will remain valid unless breaching 40.50 and holding above it.

 

The expected trading range for today is between 37.50 support and 40.50 resistance.

The expected trend for today: Bearish

More Analysis

Risk Disclaimer : Enzious Limited would like to remind you that the data provided in this site is not necessarily in real time or accurate. All stock prices, indices, futures and foreign exchange rates are not provided by exchanges but by market makers, so prices may not be accurate, may differ from the price of the actual market, which means that the quotes represent an indication and are not suitable for commercial purposes. Therefore Enzious Limited does not assume any responsibility for any business losses that may be incurred as a result of the use of this data.