Crude oil prices keep rising – Analysis - 29-03-2023

Crude oil price shows more bullish bias to approach 74.00$ per barrel barrier, which supports the continuation of the correctional bullish trend domination, waiting to test 74.45 as a next main target, noting that breaching it will open the way to extend the bullish wave to reach 76.90 areas on the near term basis.

The positive effect of the double bottom pattern still active, and pushes the price to achieve more expected gains in the upcoming period, noting that breaking 72.50 will stop the current bullish wave and press on the price to visit 70.55 areas initially.

The expected trading range for today is between 72.20 support and 75.50 resistance.

The expected trend for today: Bullish