Crude oil price needs the positive momentum – Analysis - 27-01-2022
Economies.com
2022-01-27 05:27AM UTC
Crude oil price faces solid resistance at 87.05, to show some slight bearish bias now, affected by stochastic negativity, waiting to get positive momentum that assist to push the price to resume the bullish trend that targets 88.00 as a next positive station.
Holding above 85.85 is important to continue the expected rise, as breaking it will press on the price to achieve intraday bearish correction before the attempt to return to resume the bullish trend again.
The expected trading range for today is between 85.50 support and 88.00 resistance.
The expected trend for today: Bullish
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