Crude oil price faces negative pressure now to approach the intraday bullish channel’s support line, affected by stochastic negativity, waiting to rebound bullishly to resume the expected bullish trend for today, which targets 41.85 followed by 43.05 levels as next main stations, reminding you that holding above 40.30 is important to achieve the suggested targets.
The expected trading range for today is between 39.80 support and 42.50 resistance.
The expected trend for today: Bullish