Crude oil price confirmed breaching 57.33 level after closing the daily candlestick above it, to activate the bullish trend scenario on the intraday and short term basis, on its way to achieve positive targets that start at 60.00 followed by 60.86.
Therefore, the bullish bias will be suggested for today supported by the EMA50, noting that breaking 57.33 will stop the expected rise and press on the price to head towards 54.47 areas again.
The expected trading range for today is between 57.00 support and 60.00 resistance.
The expected trend for today: Bullish