Crude oil price managed to settle above the upside channel’s support which is located now at 93.10, and that allows us to suggest witnessing positive trading for today, with main target located at the bearish resistance line at 97.10
The price needs to breach the EMA50 at 93.85 and confirm with four hours close above it to reinforce the chances of continuing the bullish trend, which remains valid conditioned by stability above 93.10
Expected trading range for today is between: 92.30 support and 97.10 resistance.
Expected trend for today: Bullish