Crude oil found a solid ceiling at the previously recorded top at 98.20, to be stuck now below the mentioned level and above the previously breached correctional bearish channel resistance which turns into support now at 96.25.
In general, holding above this resistance makes us prefer the bullish trend, but conditioned by breaching above 98.20 besides holding above 96.25.
Expected trading range for today is between: 96.25 support and 99.50 resistance.
Expected trend for today: Bullish