Crude oil price tests the key resistance 40.41 and attempts to breach it, which hints the price hed to resume the main bullish trend, but we need to get a daily close above this level to confirm activating the bullish trend scenario and head towards 43.05 as a next positive target.
Therefore, we will continue with our neutrality until the price confirms breaching the above mentioned resistance or breaking 37.95 support to detect its next targets clearly.
The expected trading range for today is between 38.50 support and 41.00 resistance.
The expected trend for today: Neutral