Crude oil price faces solid support – Analysis - 11-03-2021

Crude oil price could not manage to break 63.55 level, to rebound upwards clearly and breach 64.55 level and settles above it now, which stop the bearish correction that started from 67.86 areas and leads the price to resume the main bullish trend, on its way to visit 65.80 followed by 68.10 levels as main positive targets.

Therefore, we expect the continuation of the bullish bias in the upcoming sessions unless breaking 64.55 followed by 63.55 levels and holding below them.

The expected trading range for today is between 63.55 support and 66.30 resistance.

The expected trend for today: Bullish