Midday update for Crude oil 23-01-2023

Crude oil price attempts to breach 81.60 level now, waiting for additional rises to head towards our extended targets that start at 82.70 followed by 84.25, to keep our bullish overview for the rest of the day, supported by the EMA50, noting that the continuation of the bullish wave requires building solid support base above 81.60.

The expected trading range for today is between 80.20 support and 83.00 resistance.

The expected trend for today: Bullish