Crude oil price resumes the rise – Analysis - 15-01-2021
Economies.com
2021-01-15 04:54AM UTC
Crude oil price bounced upwards clearly after testing 52.30 yesterday, to reach the recently recorded top at 53.90, waiting to surpass this level to confirm the continuation of the bullish wave and head towards our next positive targets that start at 54.62 and extend to 56.00.
Therefore, we will continue to suggest the bullish trend for the upcoming period conditioned by the price stability above 52.30.
The expected trading range for today is between 52.30 support and 55.00 resistance.
The expected trend for today: Bullish
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