End of day analysis for Crude oil 23-01-2020

Crude oil price provided more decline to succeed reaching our waited target at 54.60, and need to monitor the price behavior at thisl level, as the continuation of the negative pressure will extend oil price losses to reach 51.80 on the near term basis, while holding against the current negative pressure will push the price to rebound bullishly and start recovery attempts on the intraday basis.