Crude oil price gets a positive signal – Analysis - 20-01-2022
Economies.com
2022-01-20 05:12AM UTC
Crude oil price faced temporary negative pressures yesterday to attack 85.40 level, but it begins today with bullish bias to move above this level, motivated by stochastic current positivity, waiting for more rise to visit 86.50 followed by 88.00 levels that represent our next main targets.
The EMA50 supports the expected rise, which will remain valid conditioned by the price stability above 85.40 and the most important above 84.25.
The expected trading range for today is between 84.50 support and 87.30 resistance.
The expected trend for today: Bullish
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