Commodities

Midday update for Crude oil 18-01-2022

2022-01-18 12:05:56 GMT (Economies.com)

Crude oil price fluctuates around 85.40 level and attempts to breach it, waiting to get positive motive that assist to push the price to rally towards 86.50 that represents our next main target, noting that the EMA50 continues to support the suggested bullish wave, which will remain valid conditioned by the price stability above 84.75.

 

The expected trading range for today is between 83.70 support and 86.50 resistance.

The expected trend for today: Bullish

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