Crude oil price cancels the negative pattern – Analysis - 20-01-2021
Economies.com
2021-01-20 04:50AM UTC
Crude oil price traded with strong positivity to confirm breaching 52.30 level and cancels the negative pattern mentioned in our previous reports, which opens the way to resume the main bullish trend within the bullish channel that appears on the chart, waiting to breach 53.90 to confirm opening the way to achieve positive targets that start at 54.60 and extend to 57.34.
Therefore, the bullish trend will be suggested for the upcoming period unless breaking 52.15 level and holding below it.
The expected trading range for today is between 52.00 support and 55.00 resistance.
The expected trend for today: Bullish
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