Crude oil price started to rise again after leaning on 51.70 level, which supports the continuation of our bullish overview, which targets 54.62 level as a next main station, noting that the EMA50 continues to support the suggested bullish wave.
On the other hand, we should note that breaking 51.40 will stop the expected rise and press on the price to start correctional bearish wave that targets testing 50.60 and might extend to 49.95 areas before any new attempt to rise.
The expected trading range for today is between 51.00 support and 54.00 resistance.
The expected trend for today: Bullish