Crude oil price keeps achieving gains – Analysis - 12-01-2022
Economies.com
2022-01-12 05:22AM UTC
Crude oil price shows more rise to reach the thresholds of the first waited target at 81.75, and moves inside the bullish channel that supports the chances of achieving more gains on the intraday basis, noting that the next targets reach 84.00 followed by 85.40.
Therefore, the bullish trend will remain valid and active for the upcoming period conditioned by the price stability above 79.80.
The expected trading range for today is between 80.00 support and 83.00 resistance.
The expected trend for today: Bullish
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