Midday update for Crude oil 26-01-2023
Economies.com
2023-01-26 10:50AM UTC
Crude oil price trades positively to test the key resistance 80.80, which urges caution from the upcoming trading, as breaching this level will push the price to achieve additional gains and test 81.60 areas before turning back to decline again, while breaking 80.00 is required to reinforce the chances of resuming the bearish trend that its targets begin at 78.95 and extend to 77.25 after breaking the previous level.
The expected trading range for today is between 78.50 support and 81.60 resistance.
The expected trend for today: Bearish
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