Midday update for Crude oil 27-01-2020

2020-01-27 11:15:14 GMT (Economies.com)
 

Crude oil price provides additional negative trades to reach the thresholds of the waited target at 51.80, expecting to continue the negative pressure to break this level and open the way to rally towards 50.00 as a next target.

 

Therefore, we will continue to suggest the bearish trend in the upcoming sessions unless the price rallied to breach 54.60 level and holding with a daily close above it.

 

The expected trading range for today is between 51.00 support and 54.00 resistance.

 

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.1038
0.0223
2.0638%
1.2825
-0.0123
0.9515%
Tadawul
7628.34
-82.78
1.07%
16.614
-1.879
10.158%
45.187
-8.146
15.274%
50.52
-1.66
3.18%
1579.395
-64.250
3.909%
 
 
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