Commodities

Midday update for Crude oil 14-01-2020

2020-01-14 11:03:15 GMT (Economies.com)

Crude oil price shows slight bullish bias to move above 58.00 level, while the EMA50 keeps pressing negatively on the price, to keep our bearish overview that depends on the price stability below 60.90, reminding you that our targets begin at 57.40 and extend to 54.60 after breaking the previous level.

 

The expected trading range for today is between 56.50 support and 59.30 resistance.

 

The expected trend for today: Bearish

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