17.03.2020 CRUDE OIL ANALYSIS

17.03.2020 CRUDE OIL ANALYSIS On the last trading day of last week, while the negative effects of the virus spreading in the global markets continued, Petrol continued to keep its limited gains. On the first trading day of the week, it was observed that Saudi Aramco Financial Advisor declined to the level of $ 28 after stating that they were satisfied with the prices being $ 30 per barrel. During the day, it was followed that Petrol focused on coronavirus developments and price war, while it was observed that it continued its losses at the end of the day. Technically, it was observed that Crude Oil remained determinant at $ 29.60. If the downward trend in Crude Oil continues, sales that may come as long as they remain below the 30.60 resistance level, 28.80, 28.00 and 27.20 are important support levels to follow. 30,60, 31,40 and 32,20 resistance levels can be followed in the upward movement of the trend with possible purchases.