Crude oil price shows sideways and tight trading since morning, settling around 66.00 level, while stochastic reaches the thresholds of the oversold areas, waiting to motivate the price to resume the expected bullish trend for the upcoming period, which gets continuous positive support by the EMA50.
Our main expected targets begin at 67.00 and extend to 70.55 after surpassing the previous level, while achieving them conditions holding above 64.90.
The expected trading range for today is between 64.90 support and 67.00 resistance.
The expected trend for today: Bullish