Midday update for Crude oil 15-01-2020
Economies.com
2020-01-15 10:57AM UTC
Crude oil price fluctuates within tight track since morning and settles near 58.00, while stochastic and the EMA50 continue to provide the negative signals, to keep the bearish trend valid and suggested for today, which its targets begin at 57.40 and extend to 54.60 after surpassing the previous level, noting that the continuation of the bearish wave depends on the price stability below 60.90.
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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