Crude oil price consolidates positively – Analysis - 28-01-2022
Economies.com
2022-01-28 05:18AM UTC
Crude oil price hovers around 87.05 and attempts to consolidate above it, to keep the bullish trend scenario valid and active on the intraday and short term basis, waiting to resume the positive trades to visit 88.00 as a next target, reminding you that surpassing this level will push the price to 90.00.
The EMA50 supports the expected rise, which will remain valid conditioned by the price stability above 86.00.
The expected trading range for today is between 85.80 support and 88.60 resistance.
The expected trend for today: Bullish
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