Crude oil price crawls downwards calmly to approach retesting the breached neckline of the inverted head and shoulders’ pattern, while stochastic reaches the oversold areas, waiting to motivate the price to resume the expected bullish trend for today, which depends on the price stability above 51.46, while its initial positive targets located at 55.80 followed by 57.46.
Expected trading range for today is between 52.35 support and 56.00 resistance.
Expected trend for today: Bullish