Crude oil price hits the first extended target – Analysis - 17-01-2022

2022-01-17 05:08:43 GMT (Economies.com)
 

Crude oil price resumed its positive trades to achieve our first waited target at 84.00 and settles above it, reinforcing the chances of achieving more gains in the upcoming sessions, and the way is open to visit 85.40 that represents our next target.

 

Therefore, we will continue to suggest the bullish trend on the intraday and short term basis, noting that holding above 82.00 represents initial condition to continue the expected rise, as breaking it will press on the price to test 79.80 areas before any new attempt to rise.

 

The expected trading range for today is between 83.00 support and 85.40 resistance.

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.0756
0.0103
0.9692%
1.2648
0.0085
0.6794%
22.086
0.174
0.796%
114.116
3.977
3.611%
117.66
0.26
0.22%
1853.410
-3.025
0.163%
 
 
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