Crude oil price shows some slight bearish bias to move below 52.00, as the price is affected by stochastic negativity, waiting to get enough positive momentum to push the price to continue the main bullish trend, which its next target located at 53.25.
In general, we will continue to suggest the overall bullish trend for today unless breaking 50.40 level and holding below it, reminding you that breaching the targeted level will push the price towards 55.27 on the near term basis.
Expected trading range for today is between 51.00 support and 54.00 resistance.
Expected trend for today: Bullish