Crude oil price settles above the bullish channel’s support line, getting continuous support by the EMA50, thus, our bullish overview will remain valid for the upcoming period, waiting to resume the bullish bias that targets 60.90 areas mainly, reminding you that breaking 57.40 will stop the suggested rise and put the price under the correctional bearish pressure again.
The expected trading range for today is between 57.00 support and 60.00 resistance.
The expected trend for today: Bullish