Midday update for Crude oil 06-01-2022
Economies.com
2022-01-06 10:39AM UTC
Crude oil price resumes its positive trading to move away from 76.40 level, reinforcing the expectations of continuing the bullish trend in the upcoming sessions, and the way is open to achieve our main waited target at 79.40, noting that stochastic provides positive signals that support the suggested positive scenario, which will remain valid unless breaking 76.40 and holding below it.
The expected trading range for today is between 75.40 support and 78.50 resistance.
The expected trend for today: Bullish
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