Crude oil price managed to breach 76.40 level and close the daily candlestick above it, which supports the continuation of our bullish trend expectations efficiently for the upcoming period, paving the way to head towards 79.80 as a next positive target.
Therefore, the bullish bias will remain suggested on the intraday and short term basis supported by the EMA50, noting that holding above 76.40 is important to achieve the waited targets.
The expected trading range for today is between 75.40 support and 78.50 resistance.
The expected trend for today: Bullish