Crude oil price shows clear positivity to start the breching process to 51.12 level and attempts to hold above it, which supports the continuation of our bullish overview efficiently in the upcoming period, reinforced by the EMA50 that carries the price from below, waiting to head towards our main targets that start at 52.84 and extend to 54.10.
In general, we will keep our bullish trend expectations for today unless breaking 50.06 level and holding below it.
Expected trading range for today is between 50.06 support and 53.00 resistance.
Expected trend for today: Bullish