Crude oil price attempted to break 98.25 level but it managed to hold above it again, to resume the positive trades and approach the bullish channel’s resistance that declines now to 101.15, and we suggest the continuation of the bullish bias to surpass this level and head towards 103.60 as a next positive target.
Therefore, our bullish overview will remain valid and active conditioned by the price stability above 98.25.
The expected trading range for today is between 97.50 support and 103.60 resistance.
The expected trend for today: Bullish