Crude oil price completed forming double bottom pattern that its signs appear on the chart to support the continuation of the bullish wave on the intraday basis, organized inside the bullish channel that appears on the chart, expecting to head towards 86.55 as a next main target.
Therefore, we will continue to suggest the bullish trend for the upcoming period supported by moving above the EMA50, noting that breaking 82.60 will stop the bullish bias and put the price under negative pressure that its targets begin by testing the intraday bullish channel’s support line at 80.60.
The expected trading range for today is between 82.00 support and 85.65 resistance.
The expected trend for today: Bullish