Midday update for Crude oil 20-01-2022
Economies.com
2022-01-20 10:42AM UTC
Crude oil price keeps its consolidation above 85.40, getting positive overlapping signal through stochastic, waiting to motivate the price to resume the expected bullish trend on the intraday and short term basis, supported by the EMA50, waiting to visit 86.50 followed by 88.00 as next main stations, while holding above 85.40 represents key condition to achieve these targets.
The expected trading range for today is between 84.50 support and 87.30 resistance.
The expected trend for today: Bullish
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