Midday update for Crude oil 27-01-2020
Economies.com
2020-01-27 11:15AM UTC
Crude oil price provides additional negative trades to reach the thresholds of the waited target at 51.80, expecting to continue the negative pressure to break this level and open the way to rally towards 50.00 as a next target.
Therefore, we will continue to suggest the bearish trend in the upcoming sessions unless the price rallied to breach 54.60 level and holding with a daily close above it.
The expected trading range for today is between 51.00 support and 54.00 resistance.
The expected trend for today: Bearish
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