Crude oil price forecast update 21-01-2025

Gold price provided positive trades to test 2730.00$, waiting for more rise to visit 2742.00$ mainly, noting that the price needs to get positive motive that assist to rally towards the suggested target.

 

On the other hand, we remind you that breaking 2693.00$ will push the price to turn to decline and achieve bearish correction that targets 2672.00$ initially.

 

The expected trading range for today is between 2705.00$ support and 2745.00$ resistance.

 

Trend forecast: Bullish

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