Crude oil price provided slight negative trading yesterday to approach testing 60.00 barrier, starting today with bullish bias on its way to test 60.86, waiting to breach this level to confirm rallying to achieve more gains on the intraday and short term basis, as our next main target is located at 63.00.
Stochastic provides positive overlapping signal now that reinforces the chances of achieving the required breach, to keep our bullish overview in the upcoming sessions conditioned by the price stability above 59.80.
The expected trading range for today is between 59.50 support and 62.50 resistance.
The expected trend for today: Bullish