Crude oil price settles near the intraday bullish channel’s support line that appears on the chart, and the price gets continuous positive support by the EMA50, to keep the bullish trend scenario valid and active for the rest of the day, depending on the price stability above 57.33, reminding you that our main waited targets begin at 59.70 and extend to 60.86.
The expected trading range for today is between 57.50 support and 60.86 resistance.
The expected trend for today: Bullish