Crude oil price shows positive trading since morning to crawl towards our initial waited target at 73.05, keeping the bullish trend active for today, which gets continuous positive support from the EMA50, reminding you that breaching the targeted level will push the price to 74.00 as a next station, while holding above 71.38 represents an important condition for the continuation of the expcted rise.
Expected trading range for today is between 71.00 support and 74.00 resistance.
Expected trend for today: Bullish