Crude oil price tested 73.73 level and kept its consolidation above it, and continues to move inside the bullish channel that appears on the chart, noticing that the EMA50 continues to support the price from below.
Therefore, these factors encourage us to continue suggesting the bullish trend for the upcoming period, reminding you that the next main target reaches 77.86, while breaking 73.73 followed by 73.05 levels will stop the expected rise and push the price to turn to decline.
The expected trading range for today is between 73.00 support and 76.00 resistance
The expected trend for today: Bullish
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