Crude oil price confirmed breaching the correctional bearish channel’s resistance line and settled above it, to stop the recently suggested negative scenario and head to regain the main bullish trend, on its way to test 87.05 as a first station, noting that surpassing this level will push the price to 88.00 direct.
Therefore, the bullish trend will remain suggested for the upcoming period conditioned by the price stability above 83.85.
The expected trading range for today is between 84.00 support and 87.00 resistance.
The expected trend for today: Bullish