Crude oil price shows more positive trades to start attempts to surpass 40.00$ barrier, reinforcing the expectations of continuing the bullish trend on the intraday and short term basis, organized inside the bullish channel that appears on the chart, reminding you that our main waited targets begin at 41.04 and extend to 43.05.
Therefore, we are waiting for more bullish bias in the upcoming sessions, noting that breaking 38.10 will press on the price to test 36.10 areas before any new attempt to rise.
The expected trading range for today is between 38.50 support and 42.00 resistance.
The expected trend for today: Bullish