Crude oil price confirmed the return to the bullish channel, attempting to breach 65.60 level now, which reinforces the expectations of continuing the bullish trend on the intraday and short term basis, paving the way to head towards 67.95 that represents the next positive target.
Therefore, we expect witnessing more rise in the upcoming sessions supported by the EMA50 that carries the price from below, noting that breaking 64.85 will press on the price to start bearish correction before resuming the main bullish trend again.
The expected trading range for today is between 64.00 support and 67.40 resistance.
The expected trend for today: Bullish