Crude oil price shows sideways trading since morning settled near 63.70, and the price needs to get enough positive momentum top push the trading to breach 64.20 level, the opens the way towrdas our next positive target at 66.70.
In general, we will keep preferring the bullish trend for today conditioned by holding above 62.65, pointing that the EMA50 provides positive support for the suggested bullish wave.
Expected trading range for today is between 62.00 support and 65.50 resistance.
Expected trend for today: Bullish