Midday update for Crude oil 27-01-2023
Economies.com
2023-01-27 10:39AM UTC
Crude oil price trades with clear positivity to attack 81.60 level and attempts to breach it, to hint heading to activate the positive scenario in the upcoming sessions, but we will continue with our neutrality until the price confirms the breach followed by rallying towards 84.25 areas, as failing to consolidate above the mentioned level till keep the domination of the sideways range on the intraday basis and might push the price to decline towards 78.95.
The expected trading range for today is between 79.50 support and 83.00 resistance.
The expected trend for today: Sideways
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