Crude oil price awaits more decline – Analysis - 28-01-2021
Economies.com
2021-01-28 05:38AM UTC
Crude oil price shows mixed trades, and returns to decline after attempting to surpass 53.00 barrier yesterday, to keep our bearish overview that targets testing 51.70 initially, reminding you that breaking this level is required to confirm extending the bearish wave towards 49.70.
On the other hand, we should note that breaching 53.25 followed by 54.05 levels will stop the expected decline and leads the price to regain the main bullish trend 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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