Crude oil price resumes its positive trades to start testing the key resistance 60.90, and as we mentioned this morning, breaching this level is required to confirm the continuation of the bullish trend in the upcoming sessions and open the way to achieve our main waited target at 64.90.
Therefore, we will continue to suggest the bullish trend for the rest of the day unless breaking 59.30 level and holding below it, noting that the EMA50 supports the suggested bullish wave.
The expected trading range for today is between 59.30 support and 62.50 resistance.
The expected trend for today: Bullish