Crude oil price continues to decline calmly on its way for potential test to 58.00 barrier initially, as the price is affected by stochastic negativity, while the price still inside the bullish channel that appears on the chart.

In general, the bullish trend scenario will remain valid as long as the price is above 57.40, supported by the EMA50 that carries the price from below, reminding you that our next main target is located at 60.90.

The expected trading range for today is between 57.40 support and 60.90 resistance.

The expected trend for today: Bullish

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Indices

	Symbol	Last	Change	Chg.%
	EUR/USD	1.1090	-0.0030	0.2734%
End of day analysis for the EURUSD 17-01-2020
	GBP/USD	1.3009	-0.0027	0.2087%

	Tadawul	8459.80	27.24	0.32%

	Silver	18.021	-0.083	0.456%

	Oil	58.778	-0.410	0.694%
End of day analysis for Crude oil 17-01-2020
	Brent Oil	65.02	0.40	0.62%

	Gold	1556.915	-5.780	0.370%
End of day analysis for Gold 17-01-2020

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