Crude oil breaks the support – Analysis - 14-01-2019
Economies.com
2019-01-14 05:00AM UTC
Crude oil price begins today’s trading with bearish bias to break 51.46 level and settles below it, which hints the price head to turn to decline and stop the bullish wave that started from 42.36 areas, waiting to target 49.55 followed by 47.00 levels as next main stations in the upcoming period.
We should note that breaching 51.46 and holding above it again will reactivate the bullish trend scenario that its first target located at 53.25.
Expected trading range for today is between 49.00 support and 52.20 resistance.
Expected trend for today: Bearish
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