Crude oil price approached 57.00$ barrier this morning, showing some slight bearish bias now, but it gets continuous positive support by the EMA50, which protects trading inside the bullish channel that appears on the above chart.
Therefore, we believe that the chances are valid to continue the overall bullish trend, which targets 57.90 followed by 60.50 levels on the near term basis, while its continuation conditions holding above 55.40.
Expected trading range for today is between 55.40 support and 59.00 resistance.
Expected trend for today: Bullish