Crude oil price settled above 73.00 barrier after the strong bullish rally that it witnessed yesterday, waiting for more rise to test 74.00 as a next main station, noting that surpassing this level will push the price to 75.55 as a next station.
Holding above 72.70 is important to continue the expected rise, as breaking it will force the price to start intraday bearish correction that its targets begin by testing 72.00 and might extend to 71.15 areas before any new attempt to rise.
The expected trading range for today is between 72.00 support and 75.00 resistance.
The expected trend for today: Bullish