Crude oil price shows calm positive trades after approaching the key support 56.70, reinforcing the expectations of continuing the main bullish trend, as the price gets positive support by the EMA50 and stochastic, waiting to test 59.00.
We remind you that breaching the mentioned level will push the price to extend its gains towards 60.0 followed by 62.00 levels as next main stations, while holding above 56.70 represents key condition to achieve the suggested targets.
Expected trading range for today is between 56.50 support and 60.00 resistance.
Expected trend for today: Bullish