Crude oil price breaches the resistance – Analysis - 19-01-2022
Economies.com
2022-01-19 05:12AM UTC
Crude oil price managed to breach 85.40 level and close the daily candlestick above it, which supports the continuation of our bullish overview efficiently in the upcoming period, and the way is open to achieve more positive targets that start at 86.50 and extend to 88.00.
The EMA50 continues to support the expected rise, noting that holding above 85.40 represents the first condition to continue the bullish trend, as breaking it might press on the price to test 83.40 areas before any new attempt to decline.
The expected trading range for today is between 84.60 support and 87.30 resistance.
The expected trend for today: Bullish
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