Crude oil price provided some negative trading this morning to approach from retesting 46.96 level, as it keeps its stability above it, noticing that stochastic gets rid of its negativity clearly to gain the positive momentum on the four hours' time frame, while the EMA50 keeps supporting the price from below.
Therefore, these factors encourage us to continue suggesting the bullish trend in the upcoming sessions, which its next main target located at 49.34, while achieving it conditions holding above 46.96.
Expected trading range for today is between 46.00 support and 50.00 resistance.
Expected trend for today: Bullish