Crude oil price returns to fluctuate above 24.25 level, showing sideways trading recently as appears on the cahrt, waiting to get positive motive that assists to push the price to resume the intraday bullish trend, which targets 27.64 areas mainly.
Until now, we will continue to suggest the bullish trend for the upcoming period, taking into consideration that breaking 24.25 followed by 23.50 levels will stop the expected rise and presses on the price to turn to decline and head towards 20.00 initially.
The expected trading range for today is between 23.00 support and 26.50 resistance.
The expected trend for today: Bullish