Crude oil price shows more bullish bias to approach from 52.00 barrier, to keep the bullish trend scenario valid efficiently for the upcoming period, which its targets begin at 52.90 and extend to 55.27 after breaching the previous level, noting that the positive effect of the previously completed inverted head and shoulders' pattern still valid.
Therefore, we are waiting for more rise on the intraday and short term basis conditioned by the price stability above 49.85.
Expected trading range for today is between 50.00 support and 53.50 resistance.
Expected trend for today: Bullish