Crude oil price tests 53.20 level now, noticing that stochastic shows oversold signals, waiting to motivate the price to resume the correctional bullish trend, which its next target located at 55.53, noting that facing more negative pressure and breaking 53.20 followed by 52.30 levels will lead the price to decline again and achieve negative targets that reach 49.40.
The expected trading range for today is between 52.50 support and 55.50 resistance.
The expected trend for today: Bullish