Midday update for Crude oil 28-01-2021
Economies.com
2021-01-28 11:24AM UTC
Crude oil price fluctuates at the intraday bullish channel’s support line, and it needs to get negative motive that supports the expectations of continuing the bearish trend for the upcoming sessions, which its targets begin at 51.70 and extend to 49.70 after surpassing the previous level, reminding you that the continuation of the bearish wave requires holding below 53.25 and 54.05 levels.
The expected trading range for today is between 51.00 support and 53.75 resistance.
The expected trend for today: Bearish
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