Crude oil price continues to fluctuate at 98.25 support line and still above it, as the EMA50 meets this level to add more strength to it, waiting to resuem the bullish wave that its targets begin at 100.50 and extend to 103.60 after breaching the previous level.
On the other hand, we should note that breaking 98.25 and holding below it will stop the suggested positive scenario and press on the price to start bearish wave on the intraday and short term basis.
The expected trading range for today is between 97.00 support and 102.00 resistance.
The expected trend for today: Bullish