Crude oil price achieves some gains – Analysis - 27-01-2021
Economies.com
2021-01-27 05:07AM UTC
Crude oil price’s rise stopped at 53.20 yesterday, to start bouncing bearishly and attempts to resume the recently suggested bearish trend, which its targets begin by testing 51.70 level, reminding you that breaking this level will extend the bearish wave to reach 49.70.
Therefore, we will keep our bearish overview for the upcoming period unless the price rallied to breach 53.75 and hold above it, as this breach will bring the price back to the main bullish channel again.
The expected trading range for today is between 51.00 support and 53.75 resistance.
The expected trend for today: Bearish
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