Crude oil price shows some slight bullish bias now after leaning on the bullish channel's support that appears on chart, and stochastic continues to provide the positive signals on the four hours' time frame, reinforcing the chances of continuing the overall bullish trend that its targets begin by breaching 56.10 level to open the way to head towards 59.60 on the near term basis.
Holding above 54.90 is important to continue the the expected rise and guarantee not falling under the correctional bearish pressure.
Expected trading range for today is between 54.00 support and 57.50 resistance.
Expected trend for today: Overall Bullish