Crude oil price rallied upwards strongly to breach 73.73 level and head towards achieving expected gains on the intraday basis, on its way to achieve positive targets that start at 75.85 and extend to 77.86 after surpassing the previous level, making the bullish bias suggested in the upcoming sessions unless breaking 73.73 and holding below it.

The EURUSD pair surpassed 1.0860 level and closed the last four hours’ candlestick above it, to hint turning to rise and achieve gains on the intraday basis, noting that closing the day above the mentioned level will push the price towards 1.0960 as a next positive target, while trading below 1.0860 will reactivate the bearish trend scenario that its next target located at 1.0760.

Brent oil price shows clear positive trades to move away from 77.44, which hints heading to achieve potential gains in the upcoming sessions, which makes us prefer to stay aside until we get clearer signal for the next trend.

Note that breaching 79.10 will push the price to continue the rise and head towards 81.00 as a next positive target, while breaking 77.44 represents the key to reactivate the negative scenario that its next target located at 74.65.

The expected trading range for today is between 76.20 support and 79.30 resistance.

The expected trend for today: Neutral

Crude oil price is testing the key resistance 73.73, affected by stochastic positivity, and as we mentioned this morning, the price needs to hold below this level to keep the bearish trend scenario active, which its next target located at 71.65.

On the other hand, we should note that confirming breaching 73.73 will push the price to turn to rise and build bullish wave that targets 75.85 areas initially.

The expected trading range for today is between 71.50 support and 74.50 resistance.

The expected trend for today: Bearish