Crude oil price continued its bullish rally by surpassing the bullish channel’s resistance at 107.50, opening the way towards the continuation of the bullish trend, which is targeting 109.00 then 110.00
We must be aware that the continuation of the positivity requires mainly breaching 108.90 to guarantee not drawing any negative pattern that effects the short term trading towards the downside.
Expected trading range for today is between 105.35 support and 110.00 resistance.
Expected trend for today: Bullish