Crude oil price shows some bullish bias now, affected by stochastic positivity, and it might show new test to the key resistance 40.80, which urges us to stay alerted from any attempt to breach this level, which will cause a bullish rally towards new positive targets that reach 43.05.
Until now, the bearish trend scenario still suggested as long as 40.80 level remains intact, reminding you that we are waiting to break 38.50 to reinforce the chances of achieving the negative targets that start at 37.50 and extend to 36.10.
The expected trading range for today is between 37.00 support and 40.80 resistance.
The expected trend for today: Bearish