Midday update for Crude oil 19-01-2023

Economies.com
2023-01-19 10:30AM UTC

Crude oil price tested 78.90 level and keeps its stability below it, keeping the bearish trend scenario active for today, and the price needs to break 78.15 level to ease the mission of achieving our negative targets that begin at 76.60 and extend to 75.65, being aware that breaching 78.90 will lead the price to begin new recovery attempts on the intraday basis.

 

The expected trading range for today is between 76.00 support and 79.80 resistance.

The expected trend for today: Bearish

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