Crude oil price attempts to breach 119.35 level now, reinforcing the expectations of continuing the positive scenario in the upcoming sessions, paving the way to head towards 121.30 followed by 123.00 levels that represent our next positive targets, taking into consideration that failing to breach 119.35 will put the price under negative pressure that targets testing 116.30 initially.
The expected trading range for today is between 117.00 support and 120.50 resistance.
The expected trend for today: Bullish