Crude oil price trades positively since morning to approach 57.46 level, waiting to breach this level to confirm extending the bullish wave towards 65.00, motivated by stochastic positivity that appears on the four hours’ time frame.
We remind you that breaking 56.40 will stop the current rise and push the price towards 54.50 before any new positive attempt.
The expected trading range for today is between 56.00 support and 59.00 resistance.
The expected trend for today: Bullish