Crude oil price fluctuates around the EMA50 after finding solid resistance at 40.58, to notice that the price is moving within sidways range that its lines represented by the mentioned resistance and 39.10 support, which makes us suggest witnessing more sideways trades until the price manages to surpass one of these levels followed by detecting the next targets clearly.
Note that breaching the mentioned resistance will push the price to resume the bullish wave and head towards the recently recorded top at 41.69 as a first positive target, while breaking the support will press on the price for more bearish correction and achieve negative targets that start at 38.80 and extend to 38.10.
The expected trading range for today is between 38.80 support and 41.70 resistance.
The expected trend for today: Sideways