Crude oil price crawls to the upside to approach from 60.86 level, and it keep moving within the bullish channel that appears in the image, and the price needs to breach the mentioned level to reinforce the chances for the bullish channel’s wave on the short term basis, waiting for targeting 63.00 levels as a next main station.
Therefore, we will keep prefeing the bullish trend for today unless breaking 59.80 level and holding below it.
The expected trading range for today is between 59.50 support and 62.50 resistance.
The expected trend for today: Bullish