Commodities

End of day analysis for Crude oil 24-01-2020

2020-01-24 19:50:27 GMT (Economies.com)

Crude oil price managed to break 54.60 level to approach closing the week below it, which reinforces the expectations of extending the bearish wave on the short term basis, paving the way to head towards 51.80 that represents our next main target, noting that holding below 54.60 represents initial condition to continue the suggested bearish trend.

More Analysis

Risk Disclaimer : Enzious Limited would like to remind you that the data provided in this site is not necessarily in real time or accurate. All stock prices, indices, futures and foreign exchange rates are not provided by exchanges but by market makers, so prices may not be accurate, may differ from the price of the actual market, which means that the quotes represent an indication and are not suitable for commercial purposes. Therefore Enzious Limited does not assume any responsibility for any business losses that may be incurred as a result of the use of this data.