Crude oil price continues to rise to reach the thresholds of the first waited target at 64.20, and the EMA50 continues to support the bullish wave that moves organized inside the bullish channel that appears on the chart, which reinforces the chances of achieving more gains in the upcoming period, reminding yout hat breaching the mentioned target will push the price towards 66.70 as a next main station.
Therefore, the bullish trend will remain valid and active on the intraday and short term basis, noting that breaking 62.65 might push the price to test 61.40 followed by 60.14 areas before any new attempt to rise.
Expected trading range for today is between 62.65 support and 66.00 resistance.
Expected trend for today: Bullish