Crude oil price shows sideways and tight trading since morning, settling above 62.00, while stochastic approaches to provide positive overlapping signal on the four hours’ time frame, therefore, we ar waiting to get positive motive that supports the expectations of continuing the bullish trend in the upcoming period, which targets 64.90 level as a next station, while achieving it conditions holding above 61.75.
The expected trading range for today is between 61.00 support and 64.00 resistance.
The expected trend for today: Bullish