Midday update for Crude oil 23-01-2020
Economies.com
2020-01-23 10:07AM UTC
Crude oil price settles around 56.00, and the EMA50 keeps pressing negatively on the price, thus, we will continue to suggest the bearish trend for today, which targets 54.60 level as a next main station, remdining you that breaking this level will push the price to 52.85 followed by 51.80 as next main stations, while holding below 57.40 represents key condition to continue the expected decline.
The expected trading range for today is between 54.00 support and 57.00 resistance.
The expected trend for today: Bearish
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