Crude oil price within tight track – Analysis - 26-05-2022

The tight range dominates crude oil price trades since yesterday, thus, no change to our bullish overview, which gets positive support by stochastic and the EMA50, waiting to head towards 113.70 mainly.

On the other hand, we should note that breaking 109.14 and holding below it will stop the expected rise and press on the price to turn to decline.

The expected trading range for today is between 108.50 support and 113.70 resistance.

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The expected trend for today: Bullish