Crude oil price faced new negative pressure to approach the key support 62.40, but it rebounds bullishly to settle above 62.95 now, which keeps the bullish trend scenario valid and active for today, which gets continuous support by the EMA50, targeting 65.60 level as a next main station, while achieving it requires holding above 62.40.
The expected trading range for today is between 62.00 support and 65.00 resistance.
The expected trend for today: Bullish