Crude Oil Forecast: Prices Rise in Holiday Trading – 20 January 2026
Crude oil prices rose modestly in low-volume holiday trading, with traders closely eyeing the $60 level and key moving averages for the next breakout or range setup.

Crude oil prices rose modestly in low-volume holiday trading, with traders closely eyeing the $60 level and key moving averages for the next breakout or range setup.
The US dollar pulled back against the Canadian dollar on Monday in quiet holiday trading, with consolidation suggesting a potential dip-buying setup near 1.3750.
The Euro rallied amid thin US holiday trading, but traders are watching for signs of exhaustion as the broader EUR/USD downtrend remains intact.
Despite geopolitical headwinds, the DAX remains bullish as German stimulus and a breakout above 25,000 set the stage for a rally toward 27,000.
The British Pound has been gaining very strongly against the US Dollar this week, but bulls now face a test as the price runs into resistance levels clustered around $1.3500.
Gold remains firmly bullish, supported by global trade uncertainty and central bank accumulation, with technicals pointing toward a potential move to $5,000 an ounce.