Crude oil price continues to fluctuate at the bullish channel’s support line, which is met by the EMA50 to add more strength to it, while stochastic shows oversold signals now.
Therefore, these factors encourage us to continue suggesting the bullish trend in the upcoming sessions, which targets 64.90 followed by 67.00 levels, while holding above 63.55 represents key condition to continue the suggested rise.
The expected trading range for today is between 63.00 support and 66.00 resistance.
The expected trend for today: Bullish