Crude oil price shows sideways trades since morning, settling around 112.00, and as long as the price is above 109.15, our bullish overview will remain valid for today, supported by the EMA50 that carries the price from below, reminding you that our targets begin at 113.70 and extend to 116.30 followed by 119.35 after surpassing the first target.
The expected trading range for today is between 109.50 support and 115.00 resistance.
The expected trend for today: Bullish