Crude oil price shows some slight bearish bias to retest the previously breached resistance of the bullish channel that appears on the chart, and the EMA50 continues to provide the positive support to the price, to continue suggesting the bullish trend in the upcoming sessions, depending on the price stability above 67.70 level, reminding you that our positive targets begin at 71.00 and extend to 74.00.
Expected trading range for today is between 68.00 support and 71.00 resistance.
Expected trend for today: Bullish