Crude oil price leaned on the EMA50 and bounced upwards clearly from there, while stochastic continues to approach from the oversold areas, to keep the the main bullish trend dominant in the upcoming period, which targets 52.84 followed by 55.27 after breaching the previous level, noting that breaking 51.12 will stop the expected rise and push the price to test 50.06 level before any new attempt to rise.
Expected trading range for today is between 51.00 support and 54.00 resistance.
Expected trend for today: Bullish