Crude oil price succeeded to achieve our first waited target at 74.50 and settles there, affected by the double bottom pattern that has positive targets that surpass the mentioned level to reach 76.90 areas.
Therefore, our bullish overview will remain active, and the price needs to gain positive momentum that assists to push the price to breach the above mentioned level to continue the suggested rise, taking into consideration that the consolidation of 74.50 level against the positive attempts might press on the price to test the key support areas at 72.50 before any new attempt to rise.
The expected trading range for today is between 73.00 support and 76.00 resistance.
The expected trend for today: Bullish