Crude oil price shows sideways and tight trading since morning, settling above 67.70 level, to keep the bullish trend scenario active for today, supported by the EMA50 that carries the price from below, waiting to visit 70.00 level mainly.
We remind you that breaking 67.70 will push the price for more bearish correction that its targets extend to reach 66.56 initially.
Expected trading range for today is between 67.00 support and 70.00 resistance.
Expected trend for today: Bullish