Midday update for Crude oil 31-01-2023
Economies.com
2023-01-31 10:31AM UTC
Crude oil price shows more bearish bias to approach our main waited target at 75.65, and we expect to continue the decline to surpass this level and suffer more losses on the intraday and short term basis, to keep the negative scenario dominant in the upcoming sessions unless the price rallied to breach 78.95 and hold above it.
The expected trading range for today is between 75.65 support and 79.00 resistance.
The expected trend for today: Bearish
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