End of day analysis for Crude oil 15-01-2021

Crude oil price begins to attack 52.30 level now, to complete forming double top pattern that might push the price to exit the main bullish channel and achieve more bearish correction on the longer term basis, which urges caution from the upcoming trading, as closing the daily candlestick below 52.30 will confirm the turn to the downside, while stepping above it will reactivate the bullish trend scenario again, which its targets begin at 54.62 followed by 56.00.