Crude oil price found solid support at 67.00 barrier, which represents 61.8% Fibonacci correction level for the last rise from 64.43 to 71.38, which pushes the price to rise again, hinting the price head to recover and regain the main bullish trend, approaching the EMA50 now.
Therefore, we suggest witnessing more rise in the upcoming sessions, conditioned by the price stability above 67.08, noting that our waited targets begin at 68.73 and extend to reach 71.38 as a next main station.
Expected trading range for today is between 67.00 support and 70.00 resistance.
Expected trend for today: Bullish