Crude oil price is testing the bearish channel’s support line now which is located at 82.15, and the price needs to hold above this level to keep the positive scenario valid for the upcoming period, which its main target is located at 87.65.
Breaking 82.15 level might put the price under the negative pressure again followed by targeting 80.00 areas mainly.
Expected trading range for today is between 82.00 support and 85.00 resistance.
Expected trend for today: Bullish