Crude oil price resumes its positive trading moving away from the EMA50, which supports the continuation of our bullish trend expectations efficiently in the upcoming period, and the way is open for heading to 59.00 that represents our next target, and breaching it represents the rally key towards our extended targets that reach to 60.00 then 92.00.
You should be aware that breaking 56.70 level will stop the positive expectations and pushes the price to make more of the bearish correctional move and its next target at 55.23.
Expected trading range for today is between 56.00 support and 59.00 resistance.
Expected trend for today: Bullish