Crude oil price closed yesterday’s trading with strong bullish rally surpassing 104.95 and settled above it, to stop the negative effect for the head and shoulders pattern that was mentioned previously, which forces us to stay aside temporarily until confirming the next trend, by surpassing one of the next trend’s keys which are represented by 104.10 support and 105.80 resistance.
Expected trading range for today is between 103.00 support and 107.35 resistance.
Expected trend for today: Neutral