Crude oil price faces negative pressure to test the key support 113.70, and as we mentioned this morning, the price needs to hold above this level to keep the bullish trend scenario active for today, supported by the EMA50, reminding you that our main waited target is located at 119.35, while breaking 113.70 represents negative factor that will press on the price to turn to decline.
The expected trading range for today is between 113.00 support and 119.00 resistance.
The expected trend for today: Bullish