Crude oil price keeps its stability above the support base that formed above 45.00 level, which supports the continuation of the bullish trend that organizes within the bullish channel that appears in the above chart, waiting for targeting 48.40 level initially.
Stochastic current negativity might cause some temporary sideways fluctuation before resuming the expected bullish bias, and holding above 44.00 level conditioned for keeping the chances for its continuation.
Expected trading range for today is between 43.50 support and 47.50 resistance.
Expected trend for today: Bullish