Crude oil price gets a positive signal – Analysis - 10-01-2022
Economies.com
2022-01-10 04:53AM UTC
Crude oil price leans on the bullish channel’s support line and attempts to resume the bullish wave, noticing that the EMA50 continues to support the price from below, while stochastic provides clear positive signals now.
Therefore, these factors encourage us to continue suggesting the bullish trend for the upcoming period, which targets 81.75 as a next main station, while achieving it requires holding above 78.40.
The expected trading range for today is between 77.80 support and 80.80 resistance.
The expected trend for today: Bullish
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