Midday update for Crude oil 28-01-2020
Economies.com
2020-01-28 11:47AM UTC
Crude oil price shows tight range trading since morning and settles below 53.00, therefore, there is no change of the bearish trend scenario that depends on the stability below 54.60 level, supported by the negative pressure that comes from the EMA50, besides stochastic lose to the positive momentum gradually, reminding you that our targets begin at 51.80 and extend to 50.00 after surpassing the previous level.
The expected trading range for today is between 51.00 support and 54.00 resistance.
The expected trend for today: Bearish
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