Crude oil price approached from 60.00 barrier again, waiting for confirming braeching this level to ease the mission for heading to our next target at 62.25, to keep preferring the bullish trend supported by the EMA50.
Reminding you that holding above 59.00 is important for the continuation of the expected rise, where breaking it will push the price to test the bullish channel’s support at 57.15 before any new attempt to rise.
Expected trading range for today is between 59.00 support and 62.00 resistance.
Expected trend for today: Bullish