Midday update for Crude oil 15-01-2021
Economies.com
2021-01-15 10:44AM UTC
Crude oil price shows new negative trades after the reaching the recent high at 53.90, to head towards potential test to 52.30, and as long as the price is above this level, our bullish overview will remain valid for today, as breaking it will press on the price for more intraday bearish correction, while the price needs to breach 53.90 to reinforce the chances of rallying towards our expeted targets that start at 54.62 followed by 56.00.
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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