Crude oil price shows more bullish bias to approach our first waited target at 53.25, and we expect the continuation of the bullish trend to head towards 54.60 that represents our next main station.
In general, we will continue to suggest the bullish trend for the rest of the day unless breaking 51.80 level and holding below it, noting that the EMA50 provides positive support to the suggested bullish wave.
The expected trading range for today is between 51.80 support and 54.60 resistance.
The expected trend for today: Bullish