Crude oil price resumes its positive trading to surpass 91.00 level and attempts to build support base above it, reinforcing the expectations of continuing the bullish trend in the upcoming sessions, supported by the EMA50, waiting for more rise to test 93.17 that represents our next positive station, noting that breaching this level will pave the way to head towards the next correctional level at 98.45, while holding above 89.70 represents key condition to continue the bullish trend for today.
The expected trading range for today is between 89.00 support and 92.70 resistance.
The expected trend for today: Bullish