Midday update for Crude oil 25-01-2023

Crude oil price shows negative trades now to approach the first waited target at 78.95, reminding you that breaking this level will push the price to achieve additional decline that its next target reaches 77.25, to continue suggesting the bearish trend for the upcoming period unless breaching 80.80 and holding above it.

The expected trading range for today is between 78.50 support and 81.60 resistance.

The expected trend for today: Bearish