18.03.2020 Crude Oil Analysis

18.03.2020 Crude Oil Analysis On the first trading day of the week, Saudi Aramco's financial advisor said they were pleased that prices were $ 30 per barrel, and then fell as low as $ 28. On the second trading day of the week, the kingdom announced it would increase its oil exports to a record 10 million barrels per day from May, according to an official from Saudi Arabia's Energy Ministry. During the day, oil's focus on coronavirus developments and price war were monitored, while at the end of the day it sustained its losses. Technically, crude oil remains decisive at $ 26.60. As long as 27.80 is below the resistance level, sales and 25.80, 24.90 and 24.00 are important support levels that should be followed if the downward trend in crude oil continues. 27,80, 28,80 and 29,60 resistance levels can be followed in the upward movement of the trend with possible purchases.