Crude oil price provided additional positive trades to surpass the first suggested positive target at 72.20 and approaches 73.00 barrier, reinforcing the chances of achieving more expected gains on the intraday and short term basis, reminding you that our next target is located at 74.00.
The bullish channel organizes the suggested bullish wave, which gets continuous support by the EMA50, noting that the continuation of the expected rise requires holding above 71.35.
The expected trading range for today is between 71.50 support and 74.00 resistance.
The expected trend for today: Bullish