Crude oil price provided good positive trades after consolidating above 71.05, which supports the continuation of the expected bullish trend scenario on the intraday and short term basis, and the way is open to head towards our first target at 73.30, noting that breaching this level will extend the bullish wave to reach 75.00.
The EMA50 supports the suggested bullish wave, which will remain valid and active conditioned by the price stability above 71.05.
The expected trading range for today is between 71.05 support and 73.80 resistance.
The expected trend for today: Bullish