Crude oil price settles above 49.45 level, noticing that stochastic begins to provide positive overlapping signal on the four hours' time frame, motivating the price to continue rising on the short term basis, organized inside the bullish channel that appears on chart.
The EMA50 continues to support the expected bullish wave, which its next main target located at 52.85, reminding you that holding above 49.45 and 48.37 levels represents key condition to continue the expected rise.
Expected trading range for today is between 48.37 support and 52.85 resistance.
Expected trend for today: Bullish