Midday update for Crude oil 20-01-2021
Economies.com
2021-01-20 10:05AM UTC
Crude oil price settles around 53.50 level since morning, waiting for more rise to continue moving inside the main bullish channel that appears on the chart, to keep the bullish trend scenario active in the upcoming sessions conditioned by the price stability above 52.15, reminding you that our main targets begin at 53.90 and extend to 54.60 followed by 57.34.
The expected trading range for today is between 52.00 support and 55.00 resistance.
The expected trend for today: Bullish
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