Crude oil price tested the key support 48.37 and keeps its stability above it, to keep the price confined between the key levels represented by the mentioned support and 49.05 resistance, and as we mentioned in our morning report, the price needs to breach one of these levels to detect its next destination clearly, which keeps our neutrality valid until now.
The contradiction between the EMA50 positivity and stochastic negativity provides another reason for neutrality, and for more details about the expected targets after the breach, please review our morning report.
Expected trading range for today is between 46.00 support and 50.50 resistance.
Expected trend for today: Depends on the above mentioned levels