Midday update for Crude oil 19-01-2021
Economies.com
2021-01-19 11:11AM UTC
Crude oil price trades positively and attempts to surpass 52.30 level, which urges caution from the upcoming trading, as confirming the breach will cancel the morning mentioned negative formation and stop the correctional bearish scenario to push the price tp resume the main bullish trend again, while the price needs to break 51.33 to confirm rallying towards 49.10 as a main negative target.
The expected trading range for today is between 50.50 support and 53.50 resistance.
The expected trend for today: Bearish
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