Crude oil price shows positive trading now to approach from 50.00$ per barrel barrier, motivated by the positive effect of the bullish pennant pattern that appears on chart, waiting to target 50.85 followed by 52.50 levels mainly.
Therefore, we will be waiting for more rise for the rest of the day supported by the EMA50, conditioned by holding above 49.15 and the most important above 48.37.
Expected trading range for today is between 48.37 support and 51.50 resistance.
Expected trend for today: Bullish