Crude oil price traded with clear negativity to test the key support 51.12 and keeps its stability above it until now, accompanied by stochastic reach to the oversold areas' thresholds, while the EMA50 keeps supporting the price from below.
Therefore, we will continue to suggest the bullish trend in the upcoming sessions unless breaking 51.12 level and holding with a daily close below it, reminding you that our main targets begin at 52.84 and extend to 55.27.
Expected trading range for today is between 51.00 support and 54.00 resistance.
Expected trend for today: Bullish