Crude oil price tests the main bullish channel’s support line and still above it until now, which keeps our bullish overview valid for today, which conditions holding above 45.35, supported by stochastic approach from the oversold areas, noting that breaching 46.20 will reinforce the expectations of rallying towards our next positive target that reaches 48.00.
The expected trading range for today is between 45.25 support and 48.00 resistance.
The expected trend for today: Bullish