Crude oil price presses negatively on the bullish channel’s support line and attempts to break it, which urges caution from the upcoming trading, as confirming the stability below 56.00 will stop the expected positive scenario for the upcoming period and put the price under negative pressure on the intraday basis, while the price needs to breach 57.46 to reinforce the expectations of heading towards 60.00 followed by 64.90 levels as next main stations.
The expected trading range for today is between 55.00 support and 58.00 resistance.
The expected trend for today: Bullish