Crude oil price shows sideways trading since morning, settling around 45.40, waiting to resume the bullish trend organized inside the bullish channel that appears on the chart, reminding you that our next main target reaches 48.60, noting that the EMA50 supports the suggested bullish wave, which its continuation requires holding above 43.75.

The expected trading range for today is between 43.75 support and 47.00 resistance.

The expected trend for today: Bullish

Previous Analysis

Next Analysis

Main

Forex

Indices

	Symbol	Last	Change	Chg.%
	EUR/USD	1.2125	0.0060	0.4940%
Midday update for the EURUSD 20-01-2021
	GBP/USD	1.3672	0.0123	0.9045%

	Tadawul	8878.30	-29.61	0.33%

	Silver	25.725	0.820	3.290%

	Oil	53.015	0.715	1.367%
Midday update for Crude oil 20-01-2021
	Brent Oil	56.08	-0.23	0.41%

	Gold	1868.580	32.465	1.768%
Update: Gold price reaches the first target

Live Forex Updates

US crude inventories rise over 2.5 million barrels - API

2021-01-20 22:10:10 GMT

Dollar steadies after Biden sworn into office

2021-01-20 18:51:08 GMT

Bank of Canada keeps interest unchanged as expected

2021-01-20 15:45:35 GMT

Dollar falls ahead of Biden's inauguration ceremony

2021-01-20 12:40:28 GMT

Risk Disclaimer: Economies.com is a financial portal that provides news and analysis about the different financial markets. The articles that we serve on the portal depend solely on the opinion and analysis of our economists which in no way are intended to incite a visitor of the website or an investor to trade or sell/buy a certain instrument. It is the responsibility of the visitor / trader only to evaluate his trading strategies and whether he is capable of trading with taking into consideration that losing all the capital invested is a possibility. The visitor should seek an independent professional financial advisor to discuss his or her trading strategies. Moreover, the provided rates for the different instruments are indicative only and cannot be used for trading purposes. Therefore, no responsibility can be imposed on Economies.com and the company operating the portal for any loss of money that may occur to the visitor by using the website.