Crude oil price succeeded to achieve our first waited target at 111.25 and found solid resistance there, to head towards potential test to the key support base 109.15 before turning back to rise again.
In general, we will continue to suggest the bullish trend for the upcoming period conditioned by the price stability above 109.15, supported by the EMA50, reminding you that our next target extends to 113.70.
The expected trading range for today is between 108.00 support and 113.00 resistance.
The expected trend for today: Bullish