Crude oil price confirmed the activation of the bullish trend scenario after the bullish rally that it witnessed yesterday, noticing that the price completed forming double bottom pattern that has positive targets that reach 67.95.
Therefore, the bullish bias will be expected for today, supported by the EMA50, noting that breaking 62.20 will stop the suggested rise and press on the price to decline towards 59.85 initially.
The expected trading range for today is between 61.40 support and 64.20 resistance.
The expected trend for today: Bullish