Crude oil price trades positively to approach testing the bullish flag’s resistance line, motivated by stochastic positivity, waiting to breach 76.75 to activate the mentioned positive pattern followed by rallying towards our main waited target at 79.80.
Therefore, our bullish overview will remain valid and active for today unless breaking 74.85 and holding below it.
The expected trading range for today is between 74.50 support and 77.50 resistance.
The expected trend for today: Bullish