Crude oil price awaits more rise – Analysis - 13-01-2022

2022-01-13 05:03:08 GMT (Economies.com)
 

Crude oil price continues to rise within the bullish channel that appears on the chart, getting continuous positive support by the EMA50, waiting for more bullish bias that targets 84.00 followed by 85.40 levels as next main stations.

 

Therefore, the bullish trend will remain dominant in the upcoming sessions, noting that breaking 81.30 might press on the price to test the key support base 79.80 before any new attempt to rise.

 

The expected trading range for today is between 81.00 support and 84.00 resistance.

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.1343
-0.0061
0.5349%
1.3611
-0.0047
0.3430%
Tadawul
12260.13
73.83
0.61%
24.104
1.092
4.745%
85.129
1.260
1.502%
88.44
0.93
1.06%
1838.960
18.500
1.016%
 
 
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