Crude oil price tests the resistance – Analysis - 20-01-2020
Economies.com
2020-01-20 05:57AM UTC
Crude oil price opens today’s trading with bullish gap that puts the price at the key resistance 59.20, waiting to close the mentioned gap and resume the expected bearish track on the intraday basis, which targets 57.40 level mainly.
Therefore, the bearish trend scenario will remain valid for today, noting that surpassing 59.20 will push the price to test 60.90 before any new attempt to decline.
The expected trading range for today is between 57.40 support and 60.00 resistance.
The expected trend for today: Bearish
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